30 sats \ 7 replies \ @numbskull 11 Jun 2023 \ on: Could the political views of Btcoiners becoming diluted be dangerous to Bitcoin? bitcoin
Remove hard cap and bitcoin becomes shitcoin
let me translate:
introducing free market between overtaxed active users paying $40 per tx (current price tag, and rising!) and
passive free-riders aka stakeholders paying close to nothing in post-subsidy era
...and "bitcoin becomes shitcoin" ;)
the situation is really like in a greek tragedy - the choice is between:
free market and "The dogma of Satoshi's full infallibility" (while Satoshi clearly forgot to implement free market there)
as a side note:
free market can be implemented without touching hard cap, using demurrage for example, and that's Peter Todd's current suggestion, due to mental problem with "dogma of Satoshi's full infallibility"
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In future everything will be on lightning except for nation state level settlements
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...and it doesn't matter between what kind of parties there is lack of free market.
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The miners do not guard passive holders because 51% attackers can't take their Bitcoin anyway. The miners guard recipients of recent transactions from reversals. Therefore it's proper that only active users pay the miners. Enough with monerist bullshit already.
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The miners do not guard passive holders
lol,
imagine what happens to Store-of-Value property (most important for passive holders) - if the network difficulty would drop by half or more...
Yeah, enough with bullshit already :)
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Nothing?
Recipients of big transfers would start requiring more confirmations. Recipients of small transfers would continue to use LN.
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Nothing?
Wrong.
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