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20 sats \ 1 reply \ @jgbtc 6 Sep 2023 \ on: Tail Emissions Are A Terrible Idea bitcoin
Every bitcoin transaction is a promise to the recipient that they will receive a percentage of the total supply that can never be diluted. Tail emissions would invalidate every single one of these promises, about 890 million so far, and completely destroy the integrity of Bitcoin.
Is this true? Was the hard cap in place from the beginning? I never read anything about these promises in the whitepaper.
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