Nick Szabo  🔑

Bitcoin isn't gold coins... it's the gold elementhttps://twitter.com/danheld/status/1097894882277056512 …

Bitcoin's unforgeable costlines provides a secure, albeit complicated and risky, fallback supply limit should the 21 million schedule fail due to social engineering.

Any change to the 21M cap will turn into another ho-hum fork with marginal following.

That's by far the most likely outcome among current Bitcoin cognoscenti. But if you took a vote of macroeconomists, the vast majority would vote to change it to add inflation. That's what their theology tells them to do.

If inflation were introduced, #Bitcoin would hardfork. Those who understand would sell the inflation chain and buy more #bitcoin (supply fixed) fork. The fixed supply fork would become significantly more valuable than the inflationary chain. This is what makes Bitcoin #Bitcoin!