I literally cannot argue with the math, as it is over my head. But I can argue.

I'm confused by the graph that shows how much one can make by HODLING as a function of how many years late one is to the party. The power law method seems to suggest something of Xeno's paradox: Everyone will make the same amount; it just takes longer. At what point does the growth rate equal the stock market,real estate (they're not making any more of that, either), or T-Bills? As Keynes said, in the long run, we're all dead. Who buys BTC when there are better opportunities?

BTC is not money. BTC is a way to move money. The supply doesn't matter so long as the units are infinitely subdividable. BTC must hold its value only long enough for me to buy it and my payee to sell it. The price of the coin itself does not matter. But one cannot run an economy on a fixed currency. Gresham's law would kick in very quickly and the currency would be HODLed while some other token is used for pricing goods and services . Currency must be scarce so that prices can be discovered and loans for fixed amounts can be made to finance economic activity. Would you borrow ten BTC to buy a house? I'm pretty sure you would lend it, but to whom?

On a fundamental level, what would happen if a better way to move money were discovered and, to make matters worse, a way to catch criminals who use crypto could be found and the law punished those criminals especially harshly? As I said, I have no quarrel with the math, but it is about human behavior, and if the carrots and sticks change, don't the behaviors?