BTC 21M cap challenged by Zcash founder over lost keys
Eli Ben-Sasson argues that lost keys will erode Bitcoin's fixed supply to zero over time and pushes for a clearer monetary policy with an absolute upper bound.
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Eli Ben-Sasson argues that lost keys will erode Bitcoin's fixed supply to zero over time and pushes for a clearer monetary policy with an absolute upper bound.
Eli Ben-Sasson's 4% perpetual issuance pitch reframes a long-taboo question: what replaces the 21M cap when lost keys permanently shrink circulating supply.
The 20 millionth bitcoin was mined in March 2026 — over 95% of the total. The remaining million will take a century to issue, and the post-issuance economics hinge on whether fees can replace the…