You're arguing that Bitcoin needs to subsidize security through inflation because you assume the fee market won't mature. But if fiat currencies are destined to fail (as history suggests), Bitcoin wil...
At 7 TPS, the only way fees can replace block subsidies is if they cost thousands of dollars per transaction. That prices out normal people and hands the L1 directly to the banking cartels you claim to hate. If you push everyone to L2s to keep it cheap, the L1 miners starve, hash rate plummets, and your "world settlement layer" gets 51% attacked.
Fiat inflation is arbitrary and exponential. A tail emission is hard-coded and linear, meaning the actual inflation rate mathematically trends toward zero. Comparing a fixed algorithmic security budget to a central bank printing money is mathematically illiterate.
Security isn't free. You have to pay for the network's immune system. A capped supply taxes the users with exorbitant fees, punishing them for using the network. A tail emission lightly taxes the holders through microscopic dilution, making them pay for the security that protects their wealth.
A capped supply isn't "sound money", it’s an unfunded security mandate hoping that astronomical fees will magically keep miners online forever. Money is an abstraction designed to measure and exchange value. If the total pool of value (goods and services) in the world grows, the measuring stick has to grow with it.
Nothing you say makes any mathematical sense, you're just spewing ideas you heard w/o any understanding that they don't hold up to any scrutiny. Good luck.
Fiat inflation is arbitrary and exponential. A tail emission is hard-coded and linear, meaning the actual inflation rate mathematically trends toward zero. Comparing a fixed algorithmic security budget to a central bank printing money is mathematically illiterate.
Security isn't free. You have to pay for the network's immune system. A capped supply taxes the users with exorbitant fees, punishing them for using the network. A tail emission lightly taxes the holders through microscopic dilution, making them pay for the security that protects their wealth.
A capped supply isn't "sound money", it’s an unfunded security mandate hoping that astronomical fees will magically keep miners online forever. Money is an abstraction designed to measure and exchange value. If the total pool of value (goods and services) in the world grows, the measuring stick has to grow with it.
Nothing you say makes any mathematical sense, you're just spewing ideas you heard w/o any understanding that they don't hold up to any scrutiny. Good luck.
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