📅 Original date posted:2022-06-30
📝 Original message:>
> Anyway, demurrage and inflation have identical economic properties. They're
>> both a tax on savings. The only difference is the way that tax is
>> implemented.
>
>
the fact that a conversation on inflation is continuing without being
ignored is probably an indicator that the utility of on-chain services as
an incentive to drive fees is a worthwhile consideration. i especially
like the proposed and very simple on-chain "payment codes" idea, for
example. if a light-touch is used, bitcoin operators can thread the
needle allowing utility to grow a bit in response to halvings. i suspect
lightning ate a lot of the on-chain fees. future "compression and
privacy" protocols, like mweb, should keep this concern in mind.
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Erik Aronesty [ARCHIVE] /
npub1y2…5taj0
2023-06-07 23:10:12
in reply to nevent1q…pgyj
Author Public Key
npub1y22yec0znyzw8qndy5qn5c2wgejkj0k9zsqra7kvrd6cd6896z4qm5taj0Published at
2023-06-07 23:10:12Event JSON
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"content": "📅 Original date posted:2022-06-30\n📝 Original message:\u003e\n\u003e Anyway, demurrage and inflation have identical economic properties. They're\n\u003e\u003e both a tax on savings. The only difference is the way that tax is\n\u003e\u003e implemented.\n\u003e\n\u003e\nthe fact that a conversation on inflation is continuing without being\nignored is probably an indicator that the utility of on-chain services as\nan incentive to drive fees is a worthwhile consideration. i especially\nlike the proposed and very simple on-chain \"payment codes\" idea, for\nexample. if a light-touch is used, bitcoin operators can thread the\nneedle allowing utility to grow a bit in response to halvings. i suspect\nlightning ate a lot of the on-chain fees. future \"compression and\nprivacy\" protocols, like mweb, should keep this concern in mind.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220630/a25eb642/attachment.html\u003e",
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