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359 sats \ 0 replies \ @toxicmaximalistz 21 Oct 2022 freebie \ on: I'm Peter Todd, cryptochronomancer/web-π dev, AMA bitcoin
I love listening to your interviews, I wish you'd do more. I see your concern about lack of inflation to be short-sighted and ignores certain incentives. First, there's already a large amount of people, including myself, who would run small farms at a loss to support Bitcoin if it was clear that the hashrate was dropping significantly due to lack of inflation. Second, I can foresee contracts being developed, which people could contribute to voluntarily, which would pool funds which would be distributed to the coinbase address of those who find blocks. Third, businesses who are profitable and depend on Bitcoin/lightning for revenue would absolutely contribute hashpower to the network and consider it an operational expense. Your arguments assume that the previous three points wouldn't exist, or wouldn't be effective, which I'm very dubious of. Thanks for doing this.