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0 sats \ 4 replies \ @nullcount 21 Feb \ on: Are bitcoins meant for spending or savings? bitcoin_beginners
Bitcoins are meant for BURNING.
Literally the last thing any UTXO can do: become unspendable via a provable burn.
Anything that happens with UTXOs/sats before provably burning them is just a temporary state transition on the path to becoming forever unspendable.
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0 sats \ 3 replies \ @random_ 21 Feb
What are your thoughts on demurrage?
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0 sats \ 2 replies \ @nullcount 21 Feb
Demurrage is good for miners. Inflationary for non-miners. Overall, not necessary IMO.
Degens can already speculate on individual sats such that their perceived value of a sat exceeds one satoshi. Its a roundabout and "opt-in" way to "recover" extra value from the BTC tokens already in circulation.
Degeneracy on BTC is good/neutral for the degens. Bad for those who get scammed by degens. Not inflationary for non-degens who don't respect the recovered value.
Degens will degen whether demurrage exists or not.
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0 sats \ 1 reply \ @random_ 21 Feb
How can demurrage be inflationary for non miners if the total supply stays the same?
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0 sats \ 0 replies \ @nullcount 21 Feb
the same reason if satoshi or saylor sold his coins would be inflationary. total supply !== circulating supply
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