I have read every single article written by you. I don’t think that, absent violence, people would want to “store wealth” in the inflationary coin built atop BTC, but rather prefer to hold BTC itself. Thus, the inflationary one would be small at best.
I think both of our minds are changeable. This is a new space and fixed-supply money is a grand monetary experiment. We are all learning and studying still.
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>I think both of our minds are changeable. True...maybe/maybe not on this specific issue since we have different Information in our Brains
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You adjust as new information presents itself. I believe we have to be nimble with our views, especially in such a young, emerging, experimental industry full of uncertainty.
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1/ One thing I think about is we in the US have had the best Standard of Living ever on Earth as result of our 1-3% Inflation monetary system. We had more poverty, diseases, and a lower standard of living when we were on the Gold Standard (fixed-supply money)
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2/ Do u believe the betterment of poverty, diseases, and SoL was a result of switching from fixed-supply currency to low-inflation? (I do) Or that 'technology got better' and that's what allowed us to do better at all 3 of those things, even as we switched money in parallel?
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Technology without a doubt. The economy grew in spite of inflationary money, certainty not because of it.
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1/ I believe that the switch to inflationary-money (controlled well enough to not have hyperinflation) is what allowed there to be massive investment in technology/businesses/new ideas to create the technology that led to a betterment of the above 3 properties.
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I think the development of those Technologies would have been much slower (maybe not even exist yet) if we had a fixed-money supply I think it's easier to invest in game-changing ideas & tech (for an ROI of course) when u know ur Purchasing Power is going to decrease if u don't
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But money expansion devalues existing holders of currency which I believe is unethical, and only works under a government monopoly on money. If money was chosen organically and voluntarily by the free market, it would very likely be a fixed-supply money, not an inflationary one.
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>If money was chosen organically by the free market, it would very likely be a fixed-supply money, not an inflationary one. I agree for the time before BTC solved the double-spend problem. That's bc u would always have to trust politicians to not devalue your money 'too much'
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Now that we can program our money (and solve the double-spend problem), I think people would be happy to have programmed inflation (probably tied to birth rates). Would never need to trust a politician, and they could still have easy access to loans/credit that they enjoy today.
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(or a pegged sidechain)