There is a set amount of GOLD on earth whether we know it or not, because earth is a finite planet.
2% inflation a year is a massive loss in purchasing power in 10 to 30 years, this is why gold can't protect you against inflation. Again Bitcoin is the fix to the very long old inflation problem. Going back to tail emission is a downgrade to humanity.
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tail emission doesn't necessarily mean changing the real suppy except up and down a bit to make a smooth curve in the 4 year cycle
but it's stupid anyway. the tail is 2140. by then the precision will be at least 128 bits and there will be a whole 300 years more of fractional sats
Gold has retained its purchasing power despite 1-2% annual supply inflation for an extremely long time.
although its hard to assess the current valuation because the price is artificially suppressed with paper gold.
the only problems with gold are divisibility and transportation.
yes Bitcoin fixes those.
supply inflation isnt a problem that needs to be fixed.
arbitrary money creation by centralized parties is a problem that needs to be fixed.
the number of monetary units doesn't matter. as long as monetary policy is known and unchangeable, linear growth is better than a fixed supply.
You can't have indefinite supply inflation without a centralized parties, that's what you seems to be missing here. The problem is once you start deciding to give Bitcoin core or someone else the right to arbitrarily print SATs the government or other parties will get involve by either buy them out or corrupt them even more so they can benefit first, thus we come back to square one.
The problem is once you start to say we will print this much for this reason then you will always find reasons.
The difference with Gold is It's difficulty to be mined, you can't just say print this much amount of gold to pay miners more. If you do that with Bitcoin you just have another worthless fiat currency.
Right, but even if tail emission were to be a thing it CANNOT make a smooth curve for any good outcomes. Even in an idealistic scenario it doesn't work because it messes up the entire free market structure and misallocates capital.
The best supply issuance curve is the one we have right now, the Satoshi created, it's working perfectly fine. I don't think humans of today can make it better, not in a million years.
The only people who want to change it are people who want free money they don't work for in expense of everyone else.
