Post
Topic
Board Development & Technical Discussion
Re: "Surprisingly, Tail Emission Is Not Inflationary" -- A post by Peter Todd
by
larry_vw_1955
on 18/07/2022, 00:58:01 UTC

The subject just creates drama today because we all clearly signed up for a system with a particular economic policy, for better or worse.  It would be immoral in the extreme to try to coerce people onto a different one.


Right. I can agree with that. But the problem is, how do you enforce the original "economic policy"? Bitcoin is not immutable code, it's not a smart contract. So you can never really enforce bitcoin except through people. And people can make decisions that go against the original economic policy. it is probably unlikely to happen in the immediate future but who knows what could happen someday. Bitcoin is not unchangeable, it can be changed. Some people think of that as a strength but in this particular case, it's a weakness. As Greg suggests by his use of the word "immoral". Maybe bitcoin should have been written as a smart contract so that it could never be changed.