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I wasn't referring to upgrades, I was referring to control of the existing, finite supply of Bitcoin. In a Bitcoin-centered economy, a relatively small communi
by throwvirtever 5y ago
I wasn't referring to upgrades, I was referring to control of the existing, finite supply of Bitcoin.
In a Bitcoin-centered economy, a relatively small community of "whales" would have de-facto control of the supply, because the supply available for circulation would depend on what they decide to do with their holdings.
- throwaway248329 5y agoTrue. Although their control of money supply would be limited, and they would lose some part of that control every time they decide to "increase" the money supply.
- kayamon 5y agoBut Bitcoin has inflation though. The supply doesn't become limited until the inflation curve runs out in years to come. The early adopters will find the same financial pressures as with fiat currency.