358 sats \ 1 reply \ @pillar 15 Dec 2022 \ on: Milton Friedman & undeniable beauty of proof of future spiral of death Q.E.D. bitcoin
Tail emission is inevitable.
You might want to try with a less confident language (unless you are bringing an indisputable proof to the table, which you aren't).
Also, I'm adding the sentence that comes after your second quote and that you conveniently removed without proper notation.
[...] except for the mining of more gold. But he also admitted that if a government was willing to surrender control over its monetary policy and not to interfere with economic activities, a gold-based economy would be possible.
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10 sats \ 0 replies \ @jk_14 OP 15 Dec 2022
yes, I'm bringing:
reduced mining + reduced transactions = network security in spiral of death q.e.d. ;)
And even if all gold available to mine is finished - it doesn't affect security of gold already in circulation. That's the difference between gold and Bitcoin - that you conveniently missed, but I serve a proper notation ;)
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