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No, I'm saying some of the technical specs, including the 21 million limit, exist to enforce an anti-inflationary system of monetary morals. Some people on the Core side argue that bitcoin should not block transactions if the reason for doing so is moral; if they were right, the 21 million limit should be dropped, because it exists to block inflationary transactions for moral reasons. Inflation is frequently used by governments to effectively steal from their populace by printing money without honest work, and that is bad, so such transactions are not allowed in bitcoin.
2025-12-04 16:22:37 from 1 relay(s) ↑ Parent 1 replies ↓
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"Anti-inflationary system of monetary morals". I'm not sure what that means but it sounds made up and nebulous. Bitcoin is decentralized, therefore It needs to be anti fragile. The technical specifications are not moral, they are designed to make Bitcoin difficult, if not impossible to shut down. An anti fragile network (especially(!) a monitary network) needs to be free of morality judgements. In other words Bitcoin works because it incentives people to act in their own self interest. If there was a magic internet money that required all its users to behave "morally" it would fail immediately, and likewise if there is a protocol that must have some gatekeepers to decide what is right or wrong it would also fail. Se also https://en.wikipedia.org/wiki/Is%E2%80%93ought_problem
2025-12-04 16:39:45 from 1 relay(s) ↑ Parent Reply