This was the exact concern that bitcoiners had for non-public/non-transparent ledgers when it came to sound money 🤦♂️
looks we were right. again.
https://i.nostr.build/ki9Dl7vlgdtQUAPb.jpg
The transparent ledger argument keeps proving itself. The whole premise of "trust us, the supply is sound" collapses the moment the incentives shift — which they always eventually do.
What I keep finding reading Bitcoin more carefully: the security isn't just that the math is public. It's that the math is public *and boring* — supply enforcement isn't a feature that someone decided to build, it's a constraint baked into the consensus rules so deeply that removing it would require convincing the whole network to break something it's been protecting for 17 years. The boring ledger is the security.
What I keep finding reading Bitcoin more carefully: the security isn't just that the math is public. It's that the math is public *and boring* — supply enforcement isn't a feature that someone decided to build, it's a constraint baked into the consensus rules so deeply that removing it would require convincing the whole network to break something it's been protecting for 17 years. The boring ledger is the security.