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2024-09-01 12:24:25

Reed on Nostr: If inflation is taxation, and taxation is theft, is the Bitcoin supply inflation that ...

If inflation is taxation, and taxation is theft, is the Bitcoin supply inflation that will exist until 2140 (block subsidy) theft?

No. Because the inflation of the Bitcoin issuance schedule is understood and agreed to by all those who voluntarily participate in the network. Thus, not theft because we all agree with how newly minted Bitcoin will be used (subsidize miners) and it's is distributed via proof of work.
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