60 sats \ 8 replies \ @jk_14 OP 26 Dec 2022 \ parent \ on: Pseudocode for robust tail emission bitcoin
20 usd for single tx - but: now!
Probably most of folks here expected bitcoin price 100k usd till the end of 2021 already.
And in such case: 120 usd "only" per single tx to compensate lack of block subsidy. And only rising together with Bitcoin price... :)
Yeah, sure...
Gresham law doesn't apply for Bitcoin.
Game Theory doesn't apply for Bitcoin.
What else yet doesn't apply... ha-ha
But Gresham’s law DOESNT apply to Bitcoin. It has no face value.
Gresham’s law applies when, say, I have a sovereign silver $1 coin (1 oz, worth $23+) and a paper $1 bill.
reply
Gresham law can't be apply to a global currency without a global legal tender, that you like it or not. Without coercion from one big giant worldwide Nation State, Gresham law is meaningless seriously. In that case Bitcoin could become the money of the world, and at least be secured enough by the fee rewards...If you think adoption will stay like it is right now forever, then Bitcoin has indeed failed so moove away from that space dude
reply
Gresham's law exists strictly due to human nature: let's hoard what is best. Like best money, i.e. Bitcoin.
Your silly claim is like: "human nature can't be applied to human", dude... LOL
You simply understand NOTHING: #114074
reply
You are so confident dude, but you are the one who understand nothing to human nature. No human intelligent enough uses two different kind of money unless he has no choice.
Greshams law (which is not a law of anything by the way) could (maybe) reduce a little bit Bitcoin usage locally speaking where fiatist impose their tyranny, but we don't care as long as it's used enough globally to sustain a good security for the network.
And guess what (act number n until you finally accept that you will never take the CFA franc of a guy from Congo as payment) Bitcoin is the only available optoion to trade globally, and I bet this could bring a lot of traction on it.
Hoarding what is best doesn't mean that you don't spend or use it at all...I feel like I'm speaking to a socialist right now, with a deeply corrupted fiat mindset.
reply
A system in which all users participate in ensuring its security is better than one in which only some of them participate.
Achieving equilibrium between two parties with opposite interests due to market play - is free market in its finest.
Both 100% rational statements. But you - as socialist - simply don't understand.
reply
I understand enough to know that people willing to change Bitcoin in its core design don't understand Bitcoin, and have been proven wrong everytime for 13 years. Fork it and sell it, don't wait for the masses to come to the conclusion of your brilliant mind.
reply
I may only repeat: You understand NOTHING
(but you will understand in next 13 years)
reply
21 sats for you to stop beeing the clown of the party, hope it is enough :)
reply