1.Remove the bitcoin as a currency narrative. 2. Remove the bitcoin as gold narrative. 3. ??? 4. Profit?
Peter Todd, a Bitcoin Core developer instrumental in maintaining the blocksize at 1MB of data every ten minutes and in removing Gavin Andresen from bitcoin development, is now arguing that bitcoin should have perpetual inflation.
“Bitcoin should have had a 0.1% or 1% monetary inflation tax to pay for security,” Todd said, further arguing bitcoin “will die” if it doesn’t change the limit.
Speaking publicly on Twitter, Todd further implied that miners, presumably in collaboration with devs, could at some point simply “cancel” further halvings to maintain perpetual inflation.
Bitcoin currently has a 4% inflation tax.