The Three Economic Eras of Bitcoin
Rusty Russell
3.9K16

I love reading intelligent articles. Thank you for sharing your opinions.

Having endured rampant inflation in the 1980’s, Bitcoin’s lack of inflation is a key value proposition as inflation in fiat currency will be returning in a significant way over the next decade for inflation is the easiest way to wipe out the trillion dollars of debt the US has. Bitcoin’s freedom from debasement is critical.

As for fees, they must go lower and not be subsidized by inflating bitcoin.

What no one on any discussion group has been able to answer for me, is what happens with the Genesis Block? Who has it and who controls it? It seems to me with 1 million bitcoins hiding in the shadows, it could be easy to manipulate the market. The introduction of these coins into the system and their effect should be considered in your stages

I don’t believe the civil war between BTC and Bcash is helpful to anyone. If the parties were friendly perhaps, but Bcash wants destruction of BTC. Antagonistic forks where the hash is shared should not be allowed in the future. At least SegWit2x folks had decency to put personal issues aside and trust Bitcoin.

“Resist much, obey little
Once unquestioning obedience, once fully enslaved; 
Once fully enslaved, no nation, state, city, of this earth,
ever afterward resumes its liberty.” — Walt Whitman

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