Gmax on proposals to add tail emissions to bitcoin:
"but I agree with Sipa that these inflationary notions are a non-starter philosophically and morally. Particularly because anyone can create their own cryptocurrency with whatever rules they think are superior, and if its good people are free to adopt it. In such a world trying to impose such a radical change to the premise of Bitcoin would be inexcusable, and ultimately self defeating since if bitcoin doesn’t even have durability of its monetary policy why does it exist at all?"
Unlike in technical questions, where in my experience Greg ends up being right 95% of the time, I found myself disagreeing with his take on philosophical things a lot more often. Most particularly around freedom of speech questions.
Yet, I'm 100% with him on the above (and he expressed it very cleanly), and I (by the same token) completely disagree with @Peter Todd
https://delvingbitcoin.org/t/addressing-the-diminishing-block-subsidy/2640/22
"but I agree with Sipa that these inflationary notions are a non-starter philosophically and morally. Particularly because anyone can create their own cryptocurrency with whatever rules they think are superior, and if its good people are free to adopt it. In such a world trying to impose such a radical change to the premise of Bitcoin would be inexcusable, and ultimately self defeating since if bitcoin doesn’t even have durability of its monetary policy why does it exist at all?"
Unlike in technical questions, where in my experience Greg ends up being right 95% of the time, I found myself disagreeing with his take on philosophical things a lot more often. Most particularly around freedom of speech questions.
Yet, I'm 100% with him on the above (and he expressed it very cleanly), and I (by the same token) completely disagree with @Peter Todd
https://delvingbitcoin.org/t/addressing-the-diminishing-block-subsidy/2640/22
61❤️7🤙3🫂1
