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40 sats \ 9 replies \ @rkfg 6 Sep 2023 \ parent \ on: Tail Emissions Are A Terrible Idea bitcoin
Miners want guarantees in this probabilistic system where nothing is 100% guaranteed. Even PoW is probabilistic though the probability is as close to 100% as you can get. They want to be able to make money at everyone else's expense because tail emission = perpetual inflation = global universal taxation. Miners want to be another branch of government that gets paid no matter the circumstances, just because it exists, even if their services aren't needed.
Exactly, i thought this is a commodity, there is no assurances just because issuance is known and the ledger is open, doesn't make it any less of a gamble, sinking resources into an operation.
Gold miners don't sit around complaining, they go bust and others come in find new deposits or smaller ones come in and mine with lower capex in the same spot. If you can't cash flow, piss off find another job
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so, the solution is:
let's overtax active users by taxation in case of being active participant
and let passive parasites will be free of taxation
cool AF, and honest :)
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There's no "overtax", you pay for the service. Need your tx to get into a block? Pay for it. Don't need it? Don't pay. It's that simple.
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as a passive stakeholder you also pay for the service, then
and the service name is:
providing robust security to the Bitcoin network
Don't need it, my passive parasite in post-subsidy era?
So, you will pay it anyway, in decreasing price of Bitcoin, clear as crystal... :)
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I will pay it anyway because I'd need to use bitcoin to pay for goods and services. But I will do it voluntarily and in a way that I prefer. The difference is consent and actual need. If I only need one tx in a month I will pay once a month, if someone needs it more often they will pay accordingly. Rather worry about the insufficient block space to accommodate all of humanity, I'm sure you'll be arguing for increasing the block size next.
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I'm sure you'll be arguing for increasing the block size next.
I dumped all my brand new b-cash almost instantly and in a hurry.
that's just your prediction "quality" in its finest, lol
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What stops you from returning to it? Prediction is about the future, not the past that already happened. I'm not sure you understand what "prediction" is, probably mistaking it for "postdiction" or something.
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I'm sure you'll be
LOL
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Yes, future tense, not past.