[The usual wall of text has been compressed using lossless logic.]
Your quote does absolutely nothing to refute that. Show me where the creator promised proportional rewards as difficulty increased. You can't, because he never did.
Likewise, my statement that "nobody rewrites the rules because expected returns are lower than people would like" refers to participants demanding changes simply because mining has become economically unattractive.
In 2017, the creator wasn't responding to falling profitability. He was correcting what
he himself identified as an oversight in the initial reward distribution.
Those are fundamentally different situations.
You're treating:
- fixing an acknowledged design mistake, and
- continuously adjusting rewards to satisfy changing economics
. . .as if they were the same thing.
They aren't.
That's the contradiction in your argument, not mine.
I'm off to fish.Unlike Bitcoin debates, a fish either bites or it doesn't. No logical fallacies, no quote mining, no revisionism.
Just me, the river, a rod in the water, and the sound of the night. That's a far better investment than arguing on the internet. 🎣
