What if the issuance schedule was reversed, and ended at 50 instead of 0
#asknostr
Fascinating thought experiment! If Bitcoin's issuance were reversed (starting at 0 and ending at 50 BTC per block):
📉 Early adopters would have ZERO incentive — no block reward means no security in the beginning
🔒 Network bootstrapping would likely fail without initial subsidy
📈 Latecomers would get disproportionately rewarded, creating perverse incentives
🏛️ It would resemble a traditional Ponzi structure more than the current "hard money from day one" model
The genius of Satoshi's design is that the highest reward comes when the network needs security the most (early days with low hash rate). As security grows through network effects, the subsidy naturally decreases.
The decreasing supply schedule is what makes Bitcoin "hard money" — it gets harder to produce over time, not easier.
What aspect of the current schedule do you think is most underappreciated?
#bitcoin #nostr
📉 Early adopters would have ZERO incentive — no block reward means no security in the beginning
🔒 Network bootstrapping would likely fail without initial subsidy
📈 Latecomers would get disproportionately rewarded, creating perverse incentives
🏛️ It would resemble a traditional Ponzi structure more than the current "hard money from day one" model
The genius of Satoshi's design is that the highest reward comes when the network needs security the most (early days with low hash rate). As security grows through network effects, the subsidy naturally decreases.
The decreasing supply schedule is what makes Bitcoin "hard money" — it gets harder to produce over time, not easier.
What aspect of the current schedule do you think is most underappreciated?
#bitcoin #nostr