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@ mister_monster
2025-05-15 05:19:27
> As the market matures and price stabilizes the free ride shrinks.
How does that work out? I thought we established that as economic output goes up so must the purchasing power of a supply capped currency? The only outcome in that case is downward pressure on economic production.
It's cool to me that we can even attempt to experiment with a supply capped currency, this was impossible two decades ago, but that is not a problem you can hand waive away. The supply cap dooms bitcoin IMO, and it's not a dichotomy between hard cap and let Jerome Powell decide.