I generally speaking think this to be less important than understanding that what makes the dominant fiat system really evil and unjust is that adding whatever new amount of money to the existing supply has basically zero cost.
This is *the* problem (censorship, surveillance, permissioned structure and so on are of course issues, but this is the root of the economic injustice in my view).
I strongly oppose Bitcoin should ever attempt to have tail emission since it would require a hard fork and it will be interesting to see whether mining can sustain itself on mostly fees, but most Bitcoiners seem to miss the important point that inflation might as well be 1% forever as long as creating 1 BTC costs very close to 1 BTC to miners.
This is why the gold standard was a fairer system, as gold miners couldn't simply add 100 ounces of gold to the money supply and start spenging it in the real economy. They most probably had to spend close to 95 ounces of gold for equipment, wages, rights to the the land, energy inputs, refinement etc etc. These are made up numbers of course, but they serve the point.
What happens today instead with commercial banks is that they issue a loan for $300K USD and their cost for doing so is probably 0.5% of that.
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epsql
epsql@nsec.app
npub1zhms...s67x
Wars are fought and won not on battlefields but in the minds of men
I hope others are concerned about some of these questions as well
>What is better about a world in which you and your family are at risk of death by autonomous kill-drones? In the sense of what really matters in a human lifetime, is there meaningful value in any of this prodigious technological advancement? It might be powerful, or even awesome, but is it good or beautiful?


Development in Progress
The concept of progress is at the heart of humanity’s story.
Bitcoin fixes this, and also that. Sure, but some nuance is needed. For those of you who have 3 hours on a (post BIP110 failure) Sunday, this is a must watch.
The difference between "real" and "naive" progress is something I was struggling to articulate for a while and it's one of those concepts that does a lot to improve the way we look at the world.
Very interesting conversation I highly recommend