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> There is no 'policy' Don't you know how mining works? That's the policy. The wining miner issues new "coins". > and no flexibility Right, by design. You ge
by EdHominem 10y ago
> There is no 'policy'
Don't you know how mining works? That's the policy. The wining miner issues new "coins".
> and no flexibility
Right, by design. You get no input besides hash rate.
> which is very bad.
Oh, of course. Very bad. Yep, totally.
> but worse than 'no policy'.
Wait, you said there was no policy. Make up your mind.
> The ability to adjust interest rates given the economic circumstance is extremely powerful.
Ebola is very powerful. And you'd want me adjusting your interest rates about as much as you'd want Ebola.
> the US would have been bankrupt several times
Trump went bankrupt several times. Does that mean we should support him issuing his own currency?
> The ability to adjust interest rates given the economic circumstance is extremely powerful.
Yes, of course. And that's why Trump should have that ability. No?
> The value of bitcoin to society is something we can try to established objectively.
I can see you believe that but there's no objectivity behind it.