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Des Imoto マキシ
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Bitcoin is the only chance we have | Toxic Maxi | Anarchist | Voluntarist | #Bitcoin | #Plebchain

Another thread about this? Unlimited supply. Which is the opposite of the whole point of money, scarcity, fixed supply. I would add that, the brilliance of bitcoin is that it achieved the optimum between all tradeoffs of the critical variables, to become immutable, incorruptible money. That’s why there will never be a second best.

Fixed supply is a form of scarcity, the absolute form…re your second point, it‘s a trade-off that ultimately negatively impacts Bitcoin‘s immutability. Bitcoin optimally solves for one human problem only, money. One has to be careful not to superimpose trying to solve unrelated issues on it, that dilutes the purity. It’s like saying we are limiting free speech to solve child pornography….Bitcoin has enough privacy for two peers to transparently transact with each other, they have to trust each other. The invasion of privacy by a third party is unacceptable and has to be solved directly.

Unlimited supply. Which is the opposite of the whole point of money, scarcity, fixed supply. I would add that, the brilliance of bitcoin is that it achieved the optimum between all tradeoffs of the critical variables, to become immutable, incorruptible money. That’s why there will never be a second best.

It would make #Bitcoin more valuable.

Cold storage liquidity would go down, globally

Bitcoin would be more often used P2P.

Valuable things are priced higher in a blackmarket.

It would bring Bitcoin back to its ethos of a parallel, separate system to the state‘s

Of course, they are all shitcoiners, which will confuse people - will likely decelerate the separation of money and state. To quote nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u

There is no red.

There is no blue.

There is the State.

And there is you

There’s no need for taxes in a fiat system, as they could just print the money. Unless one‘s value add is reallocated to someone else. Similar to mortgages, no interest or even payback required since the money for the mortgage is just created out of thin air, unless they want to endebt (enslave) you for ever….so I’m not clear why tax reduction? A little less slavery?

I don’t understand your point. One can post something for sale on #Nostr and a peer can decide to agree to buy it. Peer to peer. And use Nostr‘s #Bitcoin integration to pay, peer to peer. Where is the third party required? The two key problems that were solved for different purposes, was the Byzantine generals problem via decentralized proof of work with #Bitcoin, and the censorship resistance via decentralized relays with Nostr. No?