Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Deflation
by
HandcraftedBreads
on 07/03/2023, 18:45:03 UTC

No, there will be a centralized entity that will decide how much time you have before your funds are taken away from you.
Automation doesn't mean it's not centralized,  it will be the same as banks, once you go over a limit based on the decision of the government the money above the limit is not yours anymore, it will still be a protocol that central authority decided on a whim for how long can you keep your funds (account) unused.

The argument lacks reasonableness. The recycling processes would be executed by the code based on a collective consensus, without any centralized authority. The only centralized entity would be the neutral machine, if one were to be identified. Therefore, there would be no biased authority responsible for recycling. The protocol would aim at preserving the fixed supply and ensuring balance in accordance with the law of conservation of energy over an indefinite period. If one were to consider this centralized, then the whole protocol would be, regardless of the specific features.

Regarding the rest of your arguments, I abstain from responding, since I've already addressed them previously.

Regarding Satoshi: rejecting new ideas on the basis of a cult-like mentality is detrimental for the efficiency of the system over time. Furthermore, while Satoshi is certainly superior to you in matter of creativity, mind, and especially reading capability, It is advisable that you avoid suggesting that anything spoken by them is imperishable and incorruptible.