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You have obviously no idea what you're talking about. Bitcoin's block mining algorithm is excessively deflationary: it encourages hoarding instead of spending w
by willbudd 6y ago
You have obviously no idea what you're talking about. Bitcoin's block mining algorithm is excessively deflationary: it encourages hoarding instead of spending while disproportionately rewarding early adopters. That however has absolutely nothing whatsoever todo with the blockchain algorithm, which was/is truly innovative as a decentralized ledger.
There is nothing preventing cryptocurrencies from utilizing blockchain technology in combination with inflationary currency generating models, and in fact plenty of them do. They are less well known partially because they were later to the game, and partially because they lack the get-rich-quick pump and dump appeal of bitcoin and co.