> > Anyway, demurrage and inflation have identical economic properties. They're >> both a tax on savings. The only difference is the way that tax is >> implemented. > > the fact that a conversation on inflation is continuing without being ignored is probably an indicator that the utility of on-chain services as an incentive to drive fees is a worthwhile consideration. i especially like the proposed and very simple on-chain "payment codes" idea, for example. if a light-touch is used, bitcoin operators can thread the needle allowing utility to grow a bit in response to halvings. i suspect lightning ate a lot of the on-chain fees. future "compression and privacy" protocols, like mweb, should keep this concern in mind.
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