StarkWare CEO Proposes Bitcoin 4% Annual Inflation Rate to Replace 21 Million Hard Cap

CoinFeed July 8 news, according to Cointelegraph report, StarkWare CEO Eli Ben-Sasson posted on X platform, proposing to replace Bitcoin's 21 million hard cap with a 4% annual issuance rate. He believes the current hard cap is 'unreasonable' because private keys are lost over time, 'as time tends to infinity, all private keys will be lost.' Ledger estimates that about 4 million Bitcoin have been permanently lost. Ben-Sasson stated that a 4% annual issuance rate roughly matches the global population growth rate. The proposal sparked strong opposition from the community. Opponents believe that the fixed cap is the core value of Bitcoin, and that Bitcoin can be divided into 2.1 quadrillion satoshi units, sufficient to deal with the decline in available supply.