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The capped emission certainly encourages FOMO and speculation. A fixed block reward would still provide scarcity in the long term while strongly discouraging speculation [1].

[1] https://tromp.github.io/blog/2020/12/20/soft-supply



Doesn't seem like a hard cap when every BTC is almost infinitely divisible into smaller amounts of "satoshis".


denominating US money supply in hay pennies does not double the money supply


Enjoy your uncapped supply of food and drinks, with each kg almost infinitely divisible into septillions of molecules.




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