3 ms·
> management of the supply of that currency that is equitable to all participants remains illusive The interests of participants are mutually exclusive: debtor
by a_c_s 9y ago
> management of the supply of that currency that is equitable to all participants remains illusive
The interests of participants are mutually exclusive: debtors want high inflation, lenders want deflation.
- rphlx 9y agoAnd that's precisely the problem that an immutable issuance schedule, like Bitcoin's, attempts to solve (fairly successfully so far). It prevents either of those 2 sides from unilaterally manipulating the currency supply to rob the other side after a contract or borrowing arrangement is signed.