0 sats \ 3 replies \ @kilianbuhn OP 14 Jan 2023 \ parent \ on: What's the Worst Possible Change to Bitcoin You Would Accept? bitcoin
I was hoping nobody answers what you answered 😂
You're technically correct. I was explicitly asking about a scenario where everybody changes their mind and you are alone (see 3rd paragraph).
I have mixed thoughts about tail emission as stated by Peter Todd.
If an inplementation solves issues in the long run I will be Ok so long there is a 1 time change and doesn't open the door to future changes. Though the ethos of the 21M hard cap is a part of the culture now so even if we imagine for 5 minutes that TE is desirable, it would be a crapy change.
That is the most that I can think of I would accept given the right circumstances.
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The tail emission idea is an artifact of having lived in an inflationary world for an entire lifetime, to this point. Most people, for example Peter Todd, simply can't imagine a world where there is no inflation. It makes them worried about the future.
There is every reason to think that the emergent bitcoin economy will adjust naturally to any and all circumstances, from the bottom up. Not from Peter Todd's top down management ideas.
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OK then, I think pretty easy answer to this thought experiment:
We will all have to accept whatever soft changes come along, provided there is no change in the underlying 21 million BTC supply hard cap. The value as a currency and dollar replacement lies there, in this supply hard cap.
You can rage quit over some feature or idea but you'll only hurt yourself.
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