Either we increase the issuance limit from 21 million, or we get a financial crisis and depression. I imagine most of the developers will be open to talking.
Developers have absolutely no real power whatsoever.
What makes BTC a much more free money than gold or silver is that
anyone can run any client at any time. You want 100 kajillion coins? Go ahead, have them. Good luck getting everyone else to run your stupid client.
The
only power that developers have is producing a client. If the economic majority want to increase the supply of coins, they'll run a client which increases the supply of coins. If the economic minority still don't want to increase the supply, they can keep the supply and that's perfectly fine. The same applies with all of the other consensus rules, such as the block size.
Another major weakness of Bitcoin is transparency. In order for the public to hold the elites accountable for their monetary actions, however partially, the easier it is to observe and monitor the system, the better.
Handing gold from one place to another is almost 100% untraceable, just like physical cash. Moving Bitcoin is many times more transparent because every single transaction is accessible on a public ledger. That means that you could see banks shifting money between each other and all other economic activity that takes place. BTC would
massively increase transparency unless banks attempted to keep their addresses hidden, but that would be tough since people can see the addresses they deposit to (if they even deposit to a bank at all).
Lmao…truly for those old fashion men. Fools keeps on talking trash about Bitcoin; saying things that don’t even have meaning, while experts are a whole lot busy making money through Bitcoin. I’ve seen some people said all sorts bad words against Bitcoin, but are now investing into it. Let them keep on wasting time, while others quietly makes money.
