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If you disagree with money printing, your vote will not matter. In bitcoin, the inflation schedule can be checked very easily. It doesn't matter who is creating
by VMG 9y ago
If you disagree with money printing, your vote will not matter. In bitcoin, the inflation schedule can be checked very easily. It doesn't matter who is creating it as long as the supply is stable and predictable.
- frgtpsswrdlame 9y ago>If you disagree with money printing, your vote will not matter. It would matter more than my (non-existent) vote in bitcoin would. >It doesn't matter who is creating it as long as the supply is stable and predictable. So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular and the fed can be irregular?
- VMG 9y ago> It would matter more than my (non-existent) vote in bitcoin would. You don't have to use it though. > So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular and the fed can be irregular? Both aspects are problematic. It's not only the FED that is centralized, the banking system itself is. Bitcoin is Peer-to-peer without trusted third parties.
- amarkov 9y agoIn Bitcoin, the number of outstanding currency units can be checked very easily. What I care about as a consumer is being able to predict the value of my currency at future times. Bitcoin doesn't allow me to do this at all.
- VMG 9y agonothing does