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the money supply in crypto increases across all cryptocurrencies as more are created. so there is no fixed money supply. further, any cryptocurrency which at th
by MrMan 5y ago
the money supply in crypto increases across all cryptocurrencies as more are created. so there is no fixed money supply. further, any cryptocurrency which at this moment is deflationary, can decide to become inflationary, and vice versa.
there is no way to constrain the economy to availing itself of only the fixed supply of one cryptocurrency like BTC.
- TimJRobinson 4y agoYea that's exactly the argument behind Bitcoin as a store of wealth - any other currency can change their inflation schedule, Bitcoin will not. It is basically impossible to change bitcoins supply because to change it you have to get at least 50% of the community to agree and that's not happening any time soon, if ever. You can fork Bitcoin but that doesn't create any additional wealth, it's just making more bits that aren't Bitcoin. Some people may value them but they won't have the value of Bitcoin.
- AnimalMuppet 4y agoThat's also the argument for gold. It's really hard to change the chemical composition of the earth's crust.