hardcaps are retarded and introduce unnecessary complications

come at me bro

nostr:nevent1qvzqqqqqqypzq3pe32fulkn8cxn7tdhy5pxzh3q8pfg48uum48s7msdky0fnlj9qqytkummnw3ez66tyvgaz7tmrv93ksefdwfjkccteqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qpqzr0cx35m7h7vdqnha4jqyyrh7euz6mw5rc5uhxgtw8xjdfznhtusv7dnrp

Reply to this note

Please Login to reply.

Discussion

...like...what sort of complications?

https://plato.stanford.edu/entries/free-rider/

only people who *make transactions* pay for the network security that everyone benefits from and makes Bitcoin valuable.

this is a game theory complication.

The economic philosophy of no hardcap is Keynesian in that central authorities intervene to "spur innovation" or "solve problems".

no.

the absence of a hard cap itself is not Keynesian.

determined, predictable supply inflation is not Keynesian.

true that Keynesian means that central authorities intervene,

but that's nothing to do with a hard cap specifically.

The fee market is a free market. Subsidies are not.

a tail emission isnt Keynesian,

and it isn't a subsidy either.

The mining reward minus fees is literally a subsidy. Always has been.

its not my fault you dont know what words mean