Halvings from economical point of view are nothing more than interest rate. When you read about Fed changing rate from 5.25 to 5.5. That's it. The new inflow. Printed money. Not exactly the same thing. But it's too long to explain. Lets say that interest rate is proportional to inflation and to printed money. Yes, all governments print. And conceal that fact. They print new money and pay salaries to army, teachers etc. Everything that is funded by government. Yes it is a form of tax. But we are not talking about this now.
We are talking about currency. That has interest rate schedule. It started in 2009 with ~200%. I don't know the real numbers. But lets say. Then this interest rate halves every 4 years.
Look at this chart
https://charts.bitbo.io/inflation/ Such behavior is simply crazy from economical point of view. This asset dies.
No one ever consulted economists while creating artificially programmed electronic crypto currencies. You simply take from bitcoin. What you don't understand. Halvings. And then you program this code. That part you are professional. But that part that you have taken with trust. WIth faith. Is it right? You took halvings with your faith in Satoshi Nakamoto. That is a mistake. Faith is wrong. Logic is right.
All you need to do. Is to imagine different variants with gold.
1) Gold mining increases. They bring more and more from meteorites. Gold inflation goes 1.5% =>5% =>10%.
2) Gold inflation remains 1.5% for the next 100 years
3) Gold production stops. No new gold can be mined.
If you think about this. You will understand that the first case kills gold as SoV because high inflation burns all savings in gold. And people stop using it.
The third case leads to total supply of gold like in Btc. All kept in vaults. People stop using it. Because that is simply unfair to all human population. Except 100 hoarders.
And the second variant is the same thing that we have for 5000 years. That thing made Gold to be gold.
Things i tell you now are obvious for big institutional players like BlackRock etc. They have economists. They know this from the start. Yet they are silent. Economists are people. And people want to make money. And it is job of economists to make money on economically uneducated masses. If economist of a big firm sees something he doen't run and cry about it. He uses it to make money. To make money on the crowd that does not understand what he understands. That's how this profession works. No economist will ever tell you his real thoughts, only lies. There is very real reason why what i am telling you here no one tells anywhere.
Satoshi Nakamoto is an inventor. He invented new technology. But also said some wrong things. About inflation.
There is no such economical term "halving". If we look prior to 2009 such word did not exist at all. The thing i want to say is that we must separate the new technology blockchain from economical beliefs of its creator.
If someone invents electricity, a car. And he also tells you something about our world. Well that is interesting. But the first part is true - his invention. And the second one is not. It's just his beliefs
Satoshi Nakamoto said that Inflation is the source of all Evil in this world. Inflation is nor good nor bad. It's economical indicator, like temperature. It can be warm or cold. But we can't say that "temperature is bad". Satoshi proposes 0% inflation which is ... also a level of inflation.
Gold historically served as money. And gold has constant inflation 1.5%. It changes. Sometimes it's 1%. Sometimes 2%. But an average over 5000 years 1.5%.
So when fiat was created. What did they do? They made an emulation of gold. 1.5% gold inflation is nothing else but Interest rate. So they created fiat. And they print it at the rate 3-5%. That's more than gold. Some countries like Switzerland keep interest rate 1-1.5%. Like gold. Some countries keep it 0.5%. Like Japan. So what i want to tell here is that economy as science has gathered a lot of information about Interest rate. Basically low interest rate is bad. High is bad. And the gold level is perfect.
I suggest to fix mistakes that Satoshi did. Take his technology. And use it to create gold emulation coin. Fixed 1.5% inflation. Bitcoin, Eth and Kas die. From low inflation. Eth inflation is 0. Think about it. Someone has 100 000 eth in his account. And there is no production of eth. Why exactly do you need to buy it? Do you accept this system. Or do you oppose it?
All eth is already devided between hoarders. There is no new eth inflow. How can this system work as world SoV?
Think about this. Time is needed. I hope that community understands it. That SoV must be inflationary. Like gold.
Eth already has 0% inflation. And kas goes same by 2030. And btc by 2032. That's why i want you to look at eth. Because this is the future of all other crypto coins.
I want you to notice very important thing: btc and eth are not the same over time. They change.
Eth became SoV when it was inflationary PoW.
How can you prove it that PoW->PoS 1%inflation->0% inflation do not lead to big changes
You basically say that they changed everything. And nothing is gonna change. That's wrong.
The bitcoin that was in 2010 had 100% inflation. The one we have now has 1.6%. 2 different currencies.
https://charts.bitbo.io/inflation/Don't you find it strange that Satoshi first said "inflation is the enemy". Then he built artificial currency with 100% inflation?
