10 sats \ 4 replies \ @jgbtc 22 May 2023 \ parent \ on: Peter Todd: Why I just sold 50% of my bitcoins: GHash.IO (8 years ago) bitcoin
Succumbing to fee market FUD and advocating to remove the 21M cap is the opposite of far-sighted imo.
write
preview
100 sats \ 3 replies \ @jk_14 22 May 2023
You are enemy of Bitcoin. Full stop.
reply
0 sats \ 2 replies \ @jgbtc 22 May 2023
lol, ok. I'm just slavishly devoted to 21M is all. Peter Todd advocates removing the 21M cap. That's an attack on bitcoin. Go use monero if you want tail emissions.
reply
60 sats \ 1 reply \ @jk_14 22 May 2023
thanks to such enemies of free market (and thus: Bitcoin) like you - me (or: my kids) will have no choice than to dump (and not 50% but) 80% of my BTC stash for gold - when the Bitcoin network difficulty is not able to recover during 4 years after some future halving... and re-buy order of magnitude more BTC - just before the emergency patch is applied what is inevitable scenario, haha
reply
0 sats \ 0 replies \ @jgbtc 22 May 2023
Good news! There's already a bitcoin fork with demurrage: http://freico.in
You can go all in on that if you think demurrage is a good idea. And it's cheap too, only $0.0008067 per coin! (seems like the free market has spoken)
reply