Zcash Founder Ben-Sasson Questions Bitcoin's 21M Supply Cap, Proposes 4% Annual Inflation Ceiling

BTC-3.33%
On July 7, Eli Ben-Sasson, founder of Zcash and CEO of StarkWare, publicly argued that Bitcoin's 21 million supply cap "does not make sense" due to permanent key loss over time. He proposed replacing the fixed total-coin ceiling with a fixed annual issuance rate of 4%, which he described as "a reasonable upper bound on human population expansion." Ben-Sasson cited two main concerns: permanently lost private keys reduce the practical circulating supply, and declining block rewards will eventually force miners to rely solely on transaction fees, creating long-term security risks. Approximately 19.9 million BTC have already been mined, or around 95% of the eventual total, leaving about 1.1 million BTC to be issued over the next century-plus.
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