Sooooo, the issuance reduction debate… 💠

My journey with this topic started with a “this is dumb” initial reaction back in 2023, and has evolved to “this CAN makes sense” recently. I am still against the proposal, but let me walk you through the thinking process. I think a lot of the actual nuance is buried in a sea of vague arguments. Let’s fix it!

I am not against capping issuance as such, I recognize the security argument as potentially valid and respect the research that was done. The app layer stack would be able to take the pain and work with it - if the fix and the arguments seemed more solid and be really long-term fixes. I don't see that being the case right now.

-> https://lobsters.substack.com/p/sooooo-the-issuance-reduction-debate