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.
Replies (3)
you can just start out from genesis saying the block reward is X units per block forever.
no centralized parties necessary.
I'm not advocating for changing Bitcoin.
I'm saying Bitcoin is poorly designed.
Ok I got you now, you are talking about something else, then great, good for you. I hope your very well designed coin works extremely well for you.
By the way, an x number of blocks forever is a very bay design choice as the system leaks energy forever. That's like starting Bitcoin at 50 coins issuance every block without havings, well would be well over 43Million coins today, and the total market cap would be as low as an inferior crypto coin.
The misunderstanding is that more coins is more wealth, but no it's actually the opposite. Creating more coins only makes every holder poorer.
The world can function perfectly on one single bitcoin as long as a bitcoin is infinitly divisible.
