355 sats \ 1 reply \ @fabian 21 Oct 2022 freebie \ on: I'm Peter Todd, cryptochronomancer/web-π dev, AMA bitcoin
Bitcoin has many desirable properties that helps bootstrap it to mass adoption, one of the most important ones is the 21 million limit.
Do you agree or disagree that the 21 million limit can only be removed after mass adoption? Because removing it before will kill a big reason for people to buy it.
The exact number doesn't matter much beyond memes. What matters is how much the value of Bitcoin changes. And that's dwarfed by economic shifts - in the past 5 days the BTC/CAD rate has dropped 2% - in the past month it's risen 5.4%.
A 0.1% inflation rate or something is utterly irrelevant in the face of those economic shifts. Over an entire lifetime - 75 years - 0.1% compounded annually is just 8%. That won't make the slightest difference to anything other than Twitter memes.
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