0 sats \ 2 replies \ @jk_14 OP 26 Dec 2022 \ parent \ on: Pseudocode for robust tail emission bitcoin
because tax is theft, as engineer to engineer:
keeping Bitcoin in the middle of obvious edge case, with pathological Friedman's free lunches for stakeholders (i.e. free riders), due to this overtaxing (punish) people which simply want to use Bitcoin, additionally with pure form of prisoner's dilemma here, and with trust to "large" stakeholders, while probably every of them will convince himself he is not really a large one and "let Microstrategy run Antminers" at loss (and burn money) - is pure madness from technical point of view.
Why do you want overtax one type of users (active) and benefit another type of users (passive) - and keep such unhealthy imbalance for the taxation in the system? It's irrational, especially for engineer.
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20 sats \ 1 reply \ @Brunswick 26 Dec 2022
You are thinking like a political scientist with a pop-psychology hobby, not an engineer. Society is not something to be engineered, this thinking is how we came to be where we are now; endless cycles of fiat induced destruction. Forcing "balance" by awarding one group an enlightened status for not saving their money over another that wants to accumulate wealth is simply demagoguery. If one person wants to spend their money, and another doesn't, that's called a free market. Punishing one group for saving (or hoarding) because you find it distasteful is a totalitarian edict. You say words like 'let' and 'madness', this is the mark of an armchair dictator. Many of my past friends spoke at length like this, their endless 'they aught to' and 'pass a law' for this and that. I've had quite enough of it. Bitcoin is doing fine without your pull requests. Fork your own version, its simple enough to do, and convince everyone your posterior emissions are for their own good.
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0 sats \ 0 replies \ @jk_14 OP 26 Dec 2022
Don't expect a bigger security in the system where only a part of users participate in keeping it secure
than
in the system where all users participate in keeping it secure and all is balanced just by free market.
Current long-term security model is simply sh*t - and not the base for such a healthy, well balanced and free market.
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