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> and smashing success of Bitcoin. It's a success today, we haven't gotten to when they stop issuing any more, and mining is funded by transaction fees. I susp
by ars 1y ago
> and smashing success of Bitcoin.
It's a success today, we haven't gotten to when they stop issuing any more, and mining is funded by transaction fees. I suspect there are going to be some problems then.
- latchkey 1y agoLike what? As far as I can tell, it will solidify its store of value.
- throw0101c 1y ago> Like what? As far as I can tell, it will solidify its store of value. Which is the bug: > No currency should be able to buy the same basket of goods over very long timespans through hoarding. If you want to retain the purchasing power of your money, it should participate in society via investment. * https://twitter.com/dollarsanddata/status/1592651809750798336 https://twitter.com/dollarsanddata/status/159265180975079833...
- oleganza 1y agoThat’s a “hot take” that people take as an axiom. What if it isn’t? What is the precise definition of “participating in society”? What level of earning and spending is considered morally good and who’s to decide that? (Meta questions arise when discussing conflicts of interest of the deciders.)