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"Could" being the operative word here. But then, this is where Bitcoin is genius: the code isn't everything. There's a whole bunch of built-in economic incent
by ur-whale 6y ago
"Could" being the operative word here.
But then, this is where Bitcoin is genius: the code isn't everything.
There's a whole bunch of built-in economic incentive feedback loops.
And getting to an "Economic Majority" is very unlikely to happen because none of the participants have to gain from that change.
Also: since a bitcoin is divisible to 10e-8, it's going to be a very long while before there's an actual shortage of the darn thing.
- itsoktocry 6y ago>There's a whole bunch of built-in economic incentive feedback loops. Is the implication that monetary and fiscal policy also not driven by economic feedback loops? Of course they are; just different ones.