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Bitcoin was cleverly set up as an deflationary currency to attract early adopters. Now, you and I (in line with mainstream economics) may think that a deflatio
by kybernetikos 8y ago
Bitcoin was cleverly set up as an deflationary currency to attract early adopters. Now, you and I (in line with mainstream economics) may think that a deflationary currency is a bad idea for a state, but there are a lot of people who don't, and it's not actually being used as a state currency anyway, so maybe it's OK.
Anyway, the point is that from the beginning bitcoin was set up to promise massive gains to early adopters, which helped gain traction. Your suggestion has nothing similar, so it's not clear why anyone would adopt it.
Really, it seems like you're promising hyper inflation (because of Moores law), which is something a lot of people flock to crypto to get away from, and nobody (even those who like a little inflation) thinks is a good idea.