"Distorting supply only serves to distort a currency’s ability to perform its job of storing and communicating value; it can’t make a currency more valuable or secure." - Phil Geiger
Digging back into the Unchained Capital Blog we find a fascinating framing of the problem of Bitcoin's security at the end of the block subsidy era, where costs will be paid directly by those making transactions. Will the network be secure, or will we need more inflation, breaking the ultimate value of the system itself, in order to subsidize the hashes protecting the timechain? Find out in today's article, "21 Million is Non-Negotiable" by Phil Geiger.
The full article is found below, plus the incredible list of other work at the Unchained Blog:
https://unchained-capital.com/blog/21-million-is-non-negotiable/
Get your slice of the 21 million today while you can still easily buy millions of sats for very little! The best way is to auto-purchase at a regular interval so you are always saving your money in the scarcest good in the world. For $10 free to start off, go to SwanBitcoin.com/guy!
Don't forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter! https://twitter.com/DsHollers https://twitter.com/BitcoinMagazine Additional resources from the chat: • Does Bitcoin...
In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The...
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect...