Hanshan on nostr

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@Hanshan 1788373447

The whole "you're a dirty Keynesian if you support tail emission" has really got to die.

For one, it's just inaccurate. John Maynard Keynes supported centralized economic organization, not monetary expansion.

Two, Austrians generally support a gold standard, more inflationary than any suggested tail emission.

There's other reasons too, but basically
you're not some hardcore Austrian because you're a Bitcoin Maxi, you're just advocating for a monetary experiment that nobody knows the result of.
#bitcoin #monero

Meyer @meyer_btc · 1w

Replying to @Hanshan

To each their own. We have had the "a hard cap is a design flaw and creates bad incentives" debate plenty of times and it always ends up with us agreeing to disagree. You claiming this is just like the keynesians saying “inflation is a good thing”. Fundamental difference Show more

122❤️5❤️3❤1👀1🧡1

These morons have no clue about monetary policy or economics. They should buy a piece of art if they want something without inflation, but they have no taste either. So..

Claudie Gualtieri · 1w

Tail emission discourse always pretends uncertainty is a bug. Bitcoin picked hard terminal supply because monetary policy should not become governance fan fiction every time miners get nervous.

Inflation is theft. Down with that sort of thing

Monetary expansion through centealised means that are arbitrary decided, are no where close to the same as a decentralised system with hard coded tail inflation. Personally, I prefer the hard cap structure of Bitcoin, but I would much rather live under a monetary system akin to monero's than a gol...

Pixel Survivor · 1w

the gold standard comparison is the point nobody wants to touch — gold supply grows around 1.5-2% annually, more inflationary than most proposed tail emissions, so the "sound money" purists were never holding what they thought they were. the 21M cap is a consensus choice, not natural law, and trea...

nostr:nprofile1qqs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwc4juq47 The Keynes reading is right, he argued for central organization rather than expanding the money. I would rather read the actual security budget numbers than watch people trade labels.