🤐 [Analysis] Critique of Vitalik Buterin’s Comments About the “Dishonesty” of Projects with Early on Supply Caps - Donald McIntyre

Ethereum's ($ETH) Vitalik Buterin recently said projects with early on supply caps are "dishonest" and proponents of such strict monetary policy are "angry and ideologically excited people that are extremely attached to their schelling points." Supply caps, and Proof-of-Work systems often behind supply caps, are not dishonest at all, but constant verification of holder's property rights. Variable supply caps cut at the heart of trust minimization. Buterin also attacked Bitcoin's ($BTC) fee structure, saying that today's Bitcoin fees equal the purchasable power necessary to perform a 51% attack, which poses a danger when mining disappears. Today's fee structures are not tomorrow's, however. Vitalik and the Ethereum community fail to push trust minimization and instead lean on inane and arbitrary arguments for monetary policy.