The Benefits of Land Development

There's a fixed amount of Bitcoin, but land is like a real thing that there's only so much of. You can't disincentivize the creation of new land because there's a fixed supply of it. The main benefits is that it makes land be used in its most socially valuable way rather than being wasted on things. It really disincentivizes landlords from just buying something and waiting for the property to go up and profiting from that value without adding anything.