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I agree, but the other path I've heard proposed is for miners to force a hard fork to lift supply cap and keep subsidizing the network with inflation. I think t
by paulgb 4y ago
I agree, but the other path I've heard proposed is for miners to force a hard fork to lift supply cap and keep subsidizing the network with inflation. I think that's even less true to bitcoin's original ethos.
(I also think it overestimates the power that miners have to unilaterally hard fork and have the community accept it, but so goes)
- kybernetikos 4y agoYou're probably right on both counts. Having said that, if the analysis is correct, then it means that users will eventually drive the chain to a place where it's experiencing regular attack. At that point they'll probably not stay around and will look for other options.
- paulgb 4y agoYes, that's essentially the conclusion I've come to as well.