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0 sats \ 7 replies \ @iguano 6 Sep 2023 \ parent \ on: Tail Emissions Are A Terrible Idea bitcoin
No they are not,
there is hundreds or thousands of shitcoins making less fee than bitcoin fee alone.
I don't see many hacks or 51% attack on them.
Go and check hashrates of BCH, BSV, LTC, DOGE, etc.
The miners will addapt, the ones who cannot operate with the margins of each epoch, will left the network allowing the ones who stay to make more money.
yeah, and this number of "who stay" will gradually decrease, like it or not :)
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Yep, the rules are the rules…
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and where is the Store-of-Value then?
(on the floor)
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On the rules.
If you change them, what’s the point ?
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Free market is above all the rules for me.
Unfortunately, Satoshi forgot to implement free market between active and passive users,
and this mistake was not danger in early phase when "number goes up"
but it will be extremely danger in the deep post-subsidy era.
Then, I will say: I told you so (and Peter maybe even: I todd you so :)
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Ok dude, not sure where you want to go.
So good luck with whatever your plan is :)
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my plan is simple,
as I'm an old cynic - I will dump 80% of my BTC stash for gold when I will see network difficulty regression still four years after some halving in the future
to rebuy order(s) of magnitude more just before an emergency patch will be released
:)
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