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𝕞ptf's avatar
𝕞ptf mypathtofire@iris.to 2 weeks ago
Why?
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Control-Plane Capital's avatar
Control-Plane Capital . 2 weeks ago
Not sure what you are referring to. Why it's not just math (
What made me sell most of my Bitcoin a few months ago
I am not bearish on Bitcoin's fiat-denominated price. I am bearish on Bitcoin's odds of becoming mass MoE, and I am pricing the coordination tax.
) Why there can only ever be 21M is incorrect (
Why Bitcoin's 21M cap is not guaranteed (Paper Bitcoin)
The protocol can cap issuance at 21,000,000 BTC. Markets can create claims on far more than 21,000,000 BTC.
) Why "hashrate up = security up" is incorrect (
Bitcoin's mining centralization problem (Hashrate ≠ Freedom)
Hashrate ≠ freedom. Templates = freedom. Until miner-templating is common and censorship correlation breaks, rising hashrate is mostly optics.
)

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