Afaik no faction is proposing to invalidate your private keys, so you can just hodl.
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If my opinion in favor of immutable monetary policy is necessary for immutable monetary policy, then it isn't really immutable, is it? That would be me saying "I hereby decree that no decrees have effect."
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Yes, but Zcash is still at a relatively centralized phase of its existence and even sophisticated investors perceive you as having a lot of power. After all, perceptions matter. Especially with potential stores of value. It’s entirely intersubjective / perceptions-based.
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I'd be pretty fired up if zooko launched a campaign to change the monetary policy. I think a lot of people would be. There's already a bright line.
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Fired up as in outraged or Fired up because you’d be excited to see whether he could actually change it or not?
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Outraged. Incented to fight it strongly.
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Good... Good! Let the hate flow through you.
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I think that any change will have to be either a) very early or b) only when the survival of the network is at stake (we have proof that fees alone cannot pay for security). I think I prefer b)
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My thesis is that natural selection of SoV networks will ultimately favor the lowest possible amount of inflation. So either we have proof that 1% is this lowest possible amount or your network lives (and possibly dies) with a constant looming threat of contentious hard forks.
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In other words, 0% inflation networks have to die (at least some of them, to make an example) before 1% inflation networks can live. Evolution.
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One of the most undervalued characteristics of monetary policy is its ability to facilitate expectations. If you change inflation consistently you destroy people’s ability to make decisions with a long time horizon. That hurts wealth creation.
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