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A 'fixed supply' is not key to his points. Point 1 is, more specifically, that you would not be able to get agreement to adjust properties of the currency (reme
by joosters 6y ago
A 'fixed supply' is not key to his points. Point 1 is, more specifically, that you would not be able to get agreement to adjust properties of the currency (remember, bitcoin is only 'fixed' in that there's a number in the code: with enough support, all the numbers can be changed). But he goes on to say that the problem is that the rich & powerful won't have incentives to adjust the money supply, something that could be argued about any money that already exists right now.
Point 2 is just: there will be inequality, the rich stay rich, the poor stay poor. Yes, true, unless you do some huge form of wealth redistribution, you won't change this. But note that this again is not related to the new currency. Jeff Bezos will still remain rich no matter what features your new currency has, because he already is rich.
So, I don't see how these points are related to bitcoin or in fact any currency.