Rusty Russell on Nostr: You don't need to reach to philosophy to reject this. There was a deliberate decision ...
You don't need to reach to philosophy to reject this. There was a deliberate decision early on to support the network via usage fees, not via holding fees: otherwise some non-zero inflation would have been the cleanest solution.
It does, of course, imply a third stage of Bitcoin's economic journey, which creates uncertainty. But you can't say people weren't warned!
https://rusty-lightning.medium.com/the-three-economic-eras-of-bitcoin-d43bf0cf058aPublished at
2024-07-04 02:48:07Event JSON
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"content": "You don't need to reach to philosophy to reject this. There was a deliberate decision early on to support the network via usage fees, not via holding fees: otherwise some non-zero inflation would have been the cleanest solution.\n\nIt does, of course, imply a third stage of Bitcoin's economic journey, which creates uncertainty. But you can't say people weren't warned!\n\nhttps://rusty-lightning.medium.com/the-three-economic-eras-of-bitcoin-d43bf0cf058a",
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