Are you a bitcoin maximalist?
If the issuance of fiat currency shrunk, on average, by 16% per year compound, what would happen to prices -- all else equal?
The value of fiat would increase and prices would fall by 16% per year on average, all else equal -- and quite possibly more, if resulting bankruptcies of debt-laden companies and likely failure of the banking system caused money velocity and real economic output to also fall.
This scenario is effectively what the Great Depression looked like in the US from 1929-1932, as the excesses of the Roaring 20s were burned off, and before government intervention stalled the process of recovery and distorted price signals.
But, what happens after the depression, without the intervention?
We reach equilibrium. Prices are lower. The value of savings and the currency is higher. Debt is effectively eliminated. People have confidence in the future, and can plan and invest, and spend their time and energy with the efficiency of honest price signals. A renaissance.
If you are a Bitcoin Maximilist, this is the reality for which you advocate -- i.e., Bitcoin's issuance decreases at 16% per year compound. We are advocating for Depression, as the only means with which to properly restore prosperity for all.
In doing so, we are taking on the world's most powerful influences and effects.
It is a huge idea. It is the biggest social experiment of our time, requiring super-human courage, the type of conviction that Satoshi showed by never selling a coin -- and maybe more.
Just thought it useful that we not lose sight of the enormity of the challenge, but also the reward. Freedom is hard.