Bitcoin survives on transactions like the human body surviv…

"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi Nakamoto, Feb 14, 2010
https://bitcointalk.org/index.php?topic=48.msg329#msg329

I understand the reasons the subsidy was added, but I also sometimes wonder if that led to some of our present situation. An entire mining industry was built up around trying to get the subsidy instead of working towards a high volume transaction future.

No matter one's opinion of Core/Blockstream/etc... I'm beginning to realize that there was no other way for Bitcoin to reach its potential than what has happened in the last 5 years.
Too visionary for people to really understand.
They had to be shown.

I agree with both of you.

There's no way Satoshi could have known the 'ideal' subsidy falloff rate to force the incentives at the right time.

And, with all the BS from those operating against Bitcoin, hard to say the lesson isn't being learned now.

More than anything, what's at issue isn't what was designed into the system or not, but what work has been done and by whom, under what philosophy, to build the system how they see fit?

It all comes down to the work, not the specifics of the system.

this is something I can comment on. One should not hoard oxygen as they should not hoard currency.

The analogy is that transactions is to Bitcoin as oxygen is to the human body. Currency does not apply in this analogy. Can one "hoard" transactions?

there are transactions constantly occuring outside of the money idea of currency. My message was that this whole system survives or dies on how it is used. It's an ecosystem (a community). If it's stagnant, it does not survive. coin=oxygen

I think you would find it valuable to analyze the analogy as I created it more deeply. I think you'll find that I am saying exactly that, but that I am doing so on multiple levels.

. This is an analogy I understand as a basic principle. Ecosystems collapse when transactions of things (oxygen) cease to occur. This can be applied to consciousness and trading ideas. Can be taken to spirituality

whether it seems like I understand the multiple levels you are referring to, I do understand. I was not arguing with you at any point. I was supporting your statement. If you starve the system....it dies. It takes simplicity to explain complex things

Oxygen is, except in limited circumstances, a non-scarce resource. Transactions are, too, in the sense that they are produced as a complete afterthought to action on chain.

This aspect is essential to the analogy's construction.

I don't feel you were arguing, rather, I think you were trying to expand on my initial post. But, in doing so, you broke the analogy. I was intentional in its construction, and I guarantee it works just fine for the point you're adding :)

Will reflect on this more before commenting. I think I get what you are saying, I just am not expressing my understanding properly. But I will reflect and adjust how I understand *this* accordingly

I may also be a bit too much on edge. When I engage with people who manipulate language itself in their "arguments," I tend to get more sensitive to problems with reasoning, and more harsh in my response to what I see.