Degen

Caught a fairly recent interview with Charlie Munger where he said he’s against Bitcoin because he doesn’t believe in its scarcity. He argued that unlike gold, if there’s enough incentive, someone will figure out how to make more of it.

Thought that was an interesting take.

Hope everyone has a great holiday weekend!

Tail issuance is a cursed word among maxis, but it’s either that or extravagant tx fees and a dead chain — until then, the halvening will keep eroding the security budget with clockwork regularity. It’ll be interesting to see what maxis accept to compromise on first.

Or just wrap all BTC on Ethereum, ditch the wasteful PoW chain entirely, and enshrine the 21M cap in perpetuity. I’d welcome that