Curious what the purpose of having Gilder keynote again at …
Curious what the purpose of having Gilder keynote again at CG conf. is? Certainly an intelligent/respected fellow... but his last appearance was a bit odd. Gilder thanked CSW for bitcoin... but then said it was stupid because it was capped at 21M.
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Because set in stone.
Gilder's thoughts (I know, I know... BSV is NOT digital gold - his words):
The 21 million cap was a strategic error because it made bitcoin too volatile and speculative to serve as viable transactions medium or unit of account. The cap thus prevents...
...it from functioning as a currency or monetary measuring stick. Satoshi aimed to create “digital gold.” ...
Mimicking gold, any coinage that can become a monetary measuring stick must seek a target not of total units but permanent price. With a set...
...price a coin will expand to the degree that it is demanded for investment and transactions. An expanding currency will attract more miners, more uses, and remain decentralized.
... Abolish the cap or become merely an historic symbol... (Tetch char limit
would it be less stupid if it had infinite tail emission like XMR and ETH?
Gilder sees value in fixing the price, not volume to unlock transaction explosion.
https://gilderpress.com/2019/10/18/the-truth-about-bitcoin-and-internet-security/
He actually supports Gorbyte et al. Maybe Calvin's twisted his arm and he'll repent at CG.
21e8