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Well bitcoin does have an intrinsic monetary policy despite not having a monetary authority. It is possible to engineer currencies to be inflationary/deflation
by simo7 5y ago
Well bitcoin does have an intrinsic monetary policy despite not having a monetary authority.
It is possible to engineer currencies to be inflationary/deflationary without an external authority.
It just cannot be a guarantee as there are many other factors to take into account.
- lottin 5y agoIndeed, bitcoin has an intrinsic monetary policy, but such a policy doesn't and can't have an inflation target. This is why claims that bitcoin is inflationary or deflationary are nonsense.