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The next hacker currency should keep Bitcoin's strengths, i.e., decentralization and anonymity, and lose its weakness, the fixed supply. Is anyone working (in
by kbob 15y ago
The next hacker currency should keep Bitcoin's strengths, i.e., decentralization and anonymity, and lose its weakness, the fixed supply.
Is anyone working (in public) on the problem of designing a currency that adjusts its supply algorithmically based on appropriate metrics? Sort of a Greenspan-o-matic?
I've thought about this for all of 90 seconds, and it seems like the metric might be some combination of transaction volume, a price index, number of users, and the current money supply.
- sneak 15y agoMost people who use bitcoin don't believe that the fixed supply is a weakness. A lot of us are vastly frustrated at the previous lack of an easy-to-tranact-in pseudonymous INflation-proof currency. The others that were in common use (eGold, Liberty Reserve, and Pecunix) have all become relatively unsafe recently due to their centralized natures. That said, there are bitcoin-network forks out there that remove the maximum cap on new coins, if I recall correctly. You are welcome to go and use one of those if you choose.