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StarkWare CEO: Proposes that Bitcoin replace the 21 million token cap with a 4% annual issuance rate
Svmuu News: StarkWare CEO Eli Ben-Sasson posted that he is proposing to replace the 21 million hard cap for Bitcoin with a 4% annual issuance rate.He believes the current hard cap is “unreasonable” because private keys are lost over time, and “as time approaches infinity, all private keys will be lost.” Ledger estimates that approximately 4 million Bitcoin have already been permanently lost.Ben-Sasson stated that a 4% annual issuance rate roughly matches the global population growth rate. The proposal sparked opposition within the community, with critics arguing that the fixed cap is a core value of Bitcoin and that Bitcoin—which can be divided into units as small as 2.1 quadrillion satoshis—is sufficient to address the issue of a declining available supply.
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