I contend that sustained issuance is in fact GOOD for a cryptography- and blockchain-based currency like BTC. The function of currency is to be spent, not accumulated.

As long as it depreciates at a moderate to slow pace, there is no downside or "robbery" in that. On the contrary, as coins get lost (that applies to physical cash too), they should be replaced with newly issued ones, to keep prices stable.

In other words, an uncapped supply would be ideal or even required -- if you really want BTC to be currency.

That idea is at odds with the concept of a store of value, which definitely requires and benefits from a capped maximum supply.

So not only we must separate money and State, but also currency from store of value.


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