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New_California | 3 years ago
If these are taken away for any reason, the result would be indistinguishable from shitcoins.
New_California | 3 years ago
If these are taken away for any reason, the result would be indistinguishable from shitcoins.
galeos|3 years ago
If network security cannot be maintained without sufficient inflation, then it surely it doesn't matter how philosophically wedded some users are to the 21m cap. It would lead to a hard fork, with two resulting coins:
1. An unchanged 'Capped-supply Bitcoin' 2. A new 'Permanent-subsidy Bitcoin'
Given a total breakdown in network security of the 'Capped-supply Bitcoin' (and its associated collapse in value), we would expect users to deem the, still secure and therefore higher value, 'Permanent-subsidy Bitcoin' to be the 'true' Bitcoin going forward, no?
ashwagary|3 years ago
A fork is possible if fees become an issue, participants will then vote with hash power, nodes, and value.