Damus
armstrys profile picture
armstrys
@armstrys
Bitcoiners: I like to ask hard questions.

Generally, I see the tendency to complain about how the previous generation used the financial system to create debt and bring forward a wealth of assets at our expense today.

What keeps future generations from looking at the “HODLer” generation the same way? In 50 years when the mining fees have dropped significantly, the majority of redistribution would in theory would have to come from our generation and their heirs spending their wealth. Is this better for anyone but you and yours? What’s your best argument for a bitcoin with a hard cap over bitcoin with a fixed inflation rate - say at the current ~1.8% inflation paid to miners today?
4
armstrys · 154w
Fundamental assumption that you should try to refute if you respond: social consensus and fair distribution are far more important than scarcity as long as the distribution schedule is known, transparent, and can only be changed with broad social consensus.