Not In It For The Money | Andreas Antonopolous

in #bitcoin7 years ago

The never-ending war with Bitcoin. We’ve seen the China ban, brand recognition and hash power threat, incompetent corporate hard fork threats, and more in just this year alone. There’s going to be a lot more threats in future as well. We can guess more fighting from governments and banks with claims that Bitcoin is used for illicit activities etc. Let me share one with you that is a long time down the line, but is practically a guaranteed threat. Every 4 years the block reward for miners is halved. It is calculated that around 2024, but definitely by 2028, that the transaction fees are what is going to be their main source of income. This clearly shows why they like Bitcoin to be slow and expensive.
Around this time the argument will be put forth to have inflation be put back into Bitcoin. Probably at a minimum of 1% a year indefinitely, uncapped supply. Sounds ridiculous right? Well yes and no. Here’s how Jihan and potentially Roger will argue it in future.
Satoshi was not an economist, economists recommend inflation to encourage spending.
The support burden of the network should be shared by the wealthy bitcoin holders, not just those actually using their bitcoin.
I don’t feel like this outcome is likely, but I do think the argument is guaranteed. Changing the rules later is stealing from the early adopters. The 21 million Bitcoin limit is one of the key reasons for Bitcoins success.
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

The wall street journal has gone from writing about bitcoin the bubble, to being bitcoin the threat: https://twitter.com/pascalbouvier/status/938036961545261056
https://www.reddit.com/r/Bitcoin/comments/7hr1m7/wall_street_journal_has_gone_from_worrying_that/

What is wrong with you Roger?
https://twitter.com/rogerkver/status/938137951518773248
Has this man cracked? Has the heat that has come with forsaking Bitcoin for Bitcoin Cash getting to him? Poor shaming?? You leave Andreas alone. You’re jealous he hasn’t tarnished his rep.

Who would win?

Interesting move: https://www.coindesk.com/now-can-buy-mariah-carey-g-eazy-albums-monero/ This is how people should do it. Offer discounts for a platform with little to no customer service.

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I saw Roger's apology video, but no the debate itself. Really want to watch it now, if it's not been taken down.

Thanks Cam for encouraging me to make my own youtube channel and start sharing all the research I do with the rest of the community so we can all grow together. Been with ya since the beginning, keep up the great work!!

The heck! Its at 13800 right now. Insane

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