4 ms·

Which projects are simply designed to be hard money?

• tromp 4y ago
  That depends on what do you mean by hard money. A capped supply?
  • djschnei 4y ago
    well, there are multiple factors, supply cap is one. Unchangeable issuance schedule (i.e. unchangeable monetary policy) is another gigantic aspect. No other project can guarantee the same immutability because no other network is defended by the bitcoin mining network. Bitcoin is the only commodity on the planet who's supply is completely unaffected by demand.
    • tromp 4y ago
      I already see discussion on the bitcoin dev mailing list about how to deal "with block rewards being too low to maintain acceptable security" in the distant future [1]. We can expect more of such discussion as the block subsidy keeps halving while still dominating the tx fees [1]. An emission like 1 per second forever is much more immutable due to guaranteed miner incentives and lack of arbitrariness. And thus a better basis for hard money [2]. [1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-June/020588.html https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022... [2] 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...
      • djschnei 4y ago
        lol, new here? That discussion has been going on for YEARS. Discussion doesn't negate anything I said.