great article. unfortunately a currency with a fixed immutable supply will always strongly incentivize maximizing your hodling, and conversely incentivize minimizing spending. although there's probably progress to be made in attitude and Bitcoin culture, the incentives are what they are.

Replies (1)

as I know you already know if it isnt possible for users to easily and cheaply get privacy on Bitcoin, and the Cantillionaires are highly incentivized to control the on/off ramps to prevent escape from the system that they control, they can prevent people from making self custodial p2p transactions and undermine that censorship resistance.