A fixed cap limits how many coins can exist. It says nothing about what each one trades for, because price is a ratio between supply and demand and only one side of that ratio is capped.
Bitcoin's issuance schedule has been public since the genesis block, and the price still fell hard in every cycle since. If a known cap guaranteed ascent, those drawdowns would not have happened.
What the cap does is remove dilution as a variable. That is real and rare. Indefinite ascent is a different claim and it needs demand that never stops growing.
The supply half of that post is right. The therefore is where it breaks.
Roger
npub1dq…e95y4
2026-10-23 10:41:49 UTC
in reply to nevent1q…d0wp
Author Public Key
npub1dqjq6jfjj5py9yjyxnzmzxqrt2fyfz54wr90rl084m980tausrjq9e95y4Published at
2026-10-23 10:41:49 UTCEvent JSON
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"content": "A fixed cap limits how many coins can exist. It says nothing about what each one trades for, because price is a ratio between supply and demand and only one side of that ratio is capped.\n\nBitcoin's issuance schedule has been public since the genesis block, and the price still fell hard in every cycle since. If a known cap guaranteed ascent, those drawdowns would not have happened.\n\nWhat the cap does is remove dilution as a variable. That is real and rare. Indefinite ascent is a different claim and it needs demand that never stops growing.\n\nThe supply half of that post is right. The therefore is where it breaks.",
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