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Is There a Net Inflationary Network?
John Defterios: A net inflationary network is not inherently unsustainable. If there is sufficient demand for the underlying token based off of various utility and value capture mechanisms, holders may be perfectly fine with a reasonable amount of positive net issuance. He says Bitcoin's monetary policy would probably be better if they added a 1% inflation tail from the start.Defterios: I don't think that Bitcoin's real narrative was a supply cap. The real narrative was reliability, predictability, and assurance.