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A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by hudon on Wednesday March 31, 2021 @04:58PM (#26653116)
Or the network finds consensus on an algorithm change where the block subsidy keeps going, thereby continuing to pay the miners. The 21 million bitcoin cap isn’t as immutable as people claim. It’s just that most Bitcoin stakeholders agree to keep it there, for now.

That Bitcoin is some immutable “backed by math” financial system has been a charade all along. It’s very much backed by people, and proof-of-work is a Rube Goldberg machine used to distract the tech-literate.

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Re:The political case for a blanket cryptocurrency ban by fphhotchips on Wednesday March 31, 2021 @06:11PM (#26653797)
Of course the problem with this approach is that (at least part of) the Bitcoin community see it as non-inflationary - see above. So if you remove that cap then the value surely comes down significantly.
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