"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!
As Bitcoin continues to succeed against all odds, there are more and more claims of how its “unfair” that early investors have profited. Dan...
"To put it into perspective, this international monetary system based around centrally-managed fiat currency is only 16 years older than me. My father was...
“If price is truth, then a market capitalization of over $1 billion for over 100 different cryptocurrencies tells a story: we live in a...