The 4str0n4ut ⚡ on Nostr: I see your point 🙂. But unlike fiat, miners are decentralized, and anyone can run ...

I see your point 🙂. But unlike fiat, miners are decentralized, and anyone can run a #Bitcoin node and compete for the reward, without needing permission from any government or central authority.

Doesn’t that fundamentally change the dynamic?

quoting nevent1q…fuxd

Not 100% correct, the cantillion effect was discovered on a gold standard.

Even Bitcoin has a cantillion effect, because the miners do get the new money first. Of course over the long run with the halvings the impact gets smaller and smaller until 2140.