3 ms·
Good point. Control of the inflation rate (total money supply) in fiat currency is centralized.
by bitxbitxbitcoin 5y ago
Good point. Control of the inflation rate (total money supply) in fiat currency is centralized.
- deleted 5y ago[deleted]
- pessimizer 5y agoIsn't the same thing true for bitcoin? As far as I know, it was set with the first implementation, and can only be changed when a majority of miners agree to change it.
- bitxbitxbitcoin 5y agoValid point. It's much more complicated but suffice to say it can be changed by a majority of full node operators, of which miners are only a subset. The meta checks and balances preventing such an occurrence have been proven for Bitcoin. We haven't seen miners succeed in reversing the halvenings, for instance.