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No. Real ones. The supply cap is just decided by a coded algorithm. That algorithm can change and the social consensus can and will accept that change. Democrac
by hudon 6y ago
No. Real ones. The supply cap is just decided by a coded algorithm. That algorithm can change and the social consensus can and will accept that change. Democracies moved off of the gold standard didn’t they?
- jcbrand 6y agoIt won't be the real one, it will be a fork. Not everyone will accept such a change, so the original 21 million version of the network will still exist and will by many be considered the real bitcoin.
- hudon 6y agoSure, and I can try paying for gas with gold but at some point I’m forced to do what the herd is doing, and the herd doesn’t care about arguments of “sound money”, they’ll just follow whatever monetary policy the ruling class decides is best. The herd coming into Bitcoin as we speak implies a weakening of its founding values.
- jcbrand 6y agoYou can buy gas in a depreciating currency and save in something else, like people have been doing with gold for thousands of years.