ericfj on Nostr: There’s a missing piece most people don’t talk about, but I personally love: ...

There’s a missing piece most people don’t talk about, but I personally love: without transaction / block space demand long term, the network actually becomes unstable (as the block reward dwindles). So eventually there’s also this paradoxical incentive to want everyone to have some and transact with it as well or else it sort of collapses in on itself.
Admittedly this is probably a tough landing to stick, but it does hint at the next stage of the game where all the big hodlers are forced to coordinate / incentivize BTC based economic activity or else see their valuable reserve go haywire with volatility.
There’s nothing comparable to this in history… a sound money that rehypothecates itself thru proof of work. So we’re in for a weird ride IMO- and I’m skeptical of anyone who claims to know exactly how it plays out. If it works, we’ll all be forced to adapt in ways our species has never seen before. I hold naive hope it will be beautiful, but this long game transition is definitely not talked about enough and your questions are valid.