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> But Bitcoin was not built to make money for anyone Its emission, with half of all supply emitted in first four years alone, and only a few % for later genera
by tromp 3y ago
> But Bitcoin was not built to make money for anyone
Its emission, with half of all supply emitted in first four years alone, and only a few % for later generations, was built to concentrate wealth on early miners/adopters.
With a large fraction ending up in the hands of its creator.
> incrementally increasing the block size as needed to keep transactions quick and cheap.
Fees are needed to finance the chain security when the block subsidy become insignificant. So txs can only stay cheap with an uncapped supply.
- kylebenzle 3y ago>Fees are needed to finance the chain security when the block subsidy become insignificant. So txs can only stay cheap with an uncapped supply. Actually the entire idea is that many small fees will make up for the lack of new coins. That can only work if the number of transactions increases by incrementally increasing the block size.