If inflation is taxation, and taxation is theft, is the Bitcoin supply inflation that will exist until 2140 (block subsidy) theft?
No. Because the inflation of the Bitcoin issuance schedule is understood and agreed to by all those who voluntarily participate in the network. Thus, not theft because we all agree with how newly minted Bitcoin will be used (subsidize miners) and it's is distributed via proof of work.
Reed
npub1xg…hgu7s
2024-09-01 12:24:25
Author Public Key
npub1xgyjasdztryl9sg6nfdm2wcj0j3qjs03sq7a0an32pg0lr5l6yaqxhgu7sPublished at
2024-09-01 12:24:25Event JSON
{
"id": "7baf3052446037417fc21ad3778c7e8d9488e0ae2add6b1a40e34a47553d333c",
"pubkey": "32092ec1a258c9f2c11a9a5bb53b127ca20941f1803dd7f6715050ff8e9fd13a",
"created_at": 1725193465,
"kind": 1,
"tags": [],
"content": "If inflation is taxation, and taxation is theft, is the Bitcoin supply inflation that will exist until 2140 (block subsidy) theft?\n\nNo. Because the inflation of the Bitcoin issuance schedule is understood and agreed to by all those who voluntarily participate in the network. Thus, not theft because we all agree with how newly minted Bitcoin will be used (subsidize miners) and it's is distributed via proof of work.",
"sig": "5af15e1e949fb5668a9ea2432b45bcbf54dfa358751047e84321b3248c084ab64549d49f29ba859abe3c410695bfdf9da9e00f5710f90237798a556cd54cc4cd"
}