Social consensus on the finite scarcity of bitcoin will persist over time because of human nature. Greed.
Suggesting an arbitrary inflation rate does two things: 1) shows you don’t respect the gift of perfect scarcity. We now have a definition of value that will not change over time- as with distance, temperature, weight…
And 2) that “fair” distribution can be anything but Discovery -> Extraction/Production -> Market Fit over Time. How does something distribute otherwise? Subjective intervention, sure. But there is nothing “fair” about that.
emcot / Emcot
npub1m6…rlh0n
2023-03-09 17:14:07
in reply to nevent1q…2p99
Author Public Key
npub1m6w9ldswjv9c5678l2x52hvrx0g66fqj9wmertq4d350lrkwfg4qqrlh0nSeen on
wss://nos.lolPublished at
2023-03-09 17:14:07Event JSON
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"content": "Social consensus on the finite scarcity of bitcoin will persist over time because of human nature. Greed.\n\nSuggesting an arbitrary inflation rate does two things: 1) shows you don’t respect the gift of perfect scarcity. We now have a definition of value that will not change over time- as with distance, temperature, weight…\n\nAnd 2) that “fair” distribution can be anything but Discovery -\u003e Extraction/Production -\u003e Market Fit over Time. How does something distribute otherwise? Subjective intervention, sure. But there is nothing “fair” about that.",
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}