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One that has a fixed block subsidy. After any amount of time, whether years or decades or centuries, it will have been distributed evenly over all that time. R
by tromp 6y ago
One that has a fixed block subsidy. After any amount of time, whether years or decades or centuries, it will have been distributed evenly over all that time.
Rather than having 50% distributed in just the first 4 years, and only crumbs in later decades.
Gold is much more like the former.
- hulahoof 6y agoI don't see how that logic follows, if this was a fixed block subsidy over the first 4 years instead of just 50%, surely the situation you are describing would be worse ?
- tromp 6y agoThere's a huge difference between fixed forever and fixed for only 4 years and then dropping to 0. Bitcoin is closer to the latter (instead of dropping to 0, it keeps halving every 4 years). Gold is closer to the former.