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Agree. Crypto currency is small and has never had to deal with major financial fallouts like 2008 mortgage debacle. The idea that the number of bitcoins can nev
by scrubs 5y ago
Agree. Crypto currency is small and has never had to deal with major financial fallouts like 2008 mortgage debacle. The idea that the number of bitcoins can never be changed for example due to the need to respond to national or international problems is silly. Ultimately any rules are but code decided by human factors. Therefore it's not impossible that there are several forks running several crypto versions at the same time depending on what people think represents the best response. A few guys buying coffee on BC or investing in BC is one thing. Running a nation on it is a much more dynamic thing. It's for some of these reasons the US Treasury controls money supply. There are also connections between national indebtedness (treasury bonds) and money supply suggesting that enforcing rules setup up X years ago may not weather the first storm.