Erik Aronesty [ARCHIVE] on Nostr: 📅 Original date posted:2022-06-30 📝 Original message:> > Anyway, demurrage and ...
📅 Original date posted:2022-06-30
📝 Original message:>
> Anyway, demurrage and inflation have identical economic properties. They're
>> both a tax on savings. The only difference is the way that tax is
>> implemented.
>
>
the fact that a conversation on inflation is continuing without being
ignored is probably an indicator that the utility of on-chain services as
an incentive to drive fees is a worthwhile consideration. i especially
like the proposed and very simple on-chain "payment codes" idea, for
example. if a light-touch is used, bitcoin operators can thread the
needle allowing utility to grow a bit in response to halvings. i suspect
lightning ate a lot of the on-chain fees. future "compression and
privacy" protocols, like mweb, should keep this concern in mind.
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📝 Original message:>
> Anyway, demurrage and inflation have identical economic properties. They're
>> both a tax on savings. The only difference is the way that tax is
>> implemented.
>
>
the fact that a conversation on inflation is continuing without being
ignored is probably an indicator that the utility of on-chain services as
an incentive to drive fees is a worthwhile consideration. i especially
like the proposed and very simple on-chain "payment codes" idea, for
example. if a light-touch is used, bitcoin operators can thread the
needle allowing utility to grow a bit in response to halvings. i suspect
lightning ate a lot of the on-chain fees. future "compression and
privacy" protocols, like mweb, should keep this concern in mind.
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