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> It's about as fair as one can hope for Emitting half of all bitcoin in just the first 4 years is hardly fair. One would hope for a more Gold like distributio
by tromp 6y ago
> It's about as fair as one can hope for
Emitting half of all bitcoin in just the first 4 years is hardly fair. One would hope for a more Gold like distribution, such as a pure linear emission. This still has a finite soft total supply [1].
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
- jcbrand 6y agoThe supply of gold on earth is finite. An infinitely growing cryptocurrency presupposes perpetual economic growth, which requires ever increasing population and resource extraction. Maybe that's realistic if we start colonizing Mars and mining asteroids, but it's not possible on earth alone. If limited supply turns out to be an issue, competing currencies can be used to augment supply, it's basically already the case.
- Cobragri 6y agoit is mining since thousands years. That is finite time for you?)