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What is unpredictable or unreliable about the monetary policy of bitcoin? In 2028, how many new US dollars will enter circulation? How many bitcoin?
by eric_cc 4y ago
What is unpredictable or unreliable about the monetary policy of bitcoin?
In 2028, how many new US dollars will enter circulation? How many bitcoin?
- MeltingAaah 4y agoIt doesn't matter as Bitcoin will just create more 'value' through existing bitcoins getting more valuable and therefore the domination will change. It already happened. 10 years ago a pizza was worth how much? And how many bitcoins do you need now for one pizza?
- eric_cc 4y agoCost of pizza is an example of buying power of bitcoin which is not the same as its monetary policy. I can not argue that the buying power has been volatile thus far. I do suspect it will trend toward stability on a decades timeline.