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> One has potentially infinite supply an can be used by governments to grow the debt to infinity, the other has a mathematically demonstrably finite supply. Th
by tromp 4y ago
> One has potentially infinite supply an can be used by governments to grow the debt to infinity, the other has a mathematically demonstrably finite supply.
The supply being finite is not that relevant. The relevant part is that the supply is predetermined, and that yearly supply inflation is acceptably small [1].
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
- ur-whale 4y ago> The supply being finite is not that relevant. The relevant part is that the supply is predetermined, and that yearly supply inflation is acceptably small [1]. Yeah, some folks - notably the Ethereum crowd IIRC - are of that opinion. I'll confess that I'm sort of undecided on the topic. In fact, I believe the overall effect are identical (because the currency can be divided to quasi infinity). But my gut tells me that finite supply is better. Also, with finite supply, the math involved in anything forward looking is most certainly simpler. However, I do agree that predetermined is way nicer than the amount of currency injected in the economy being controlled by whomever corrupt asshat is in control of the central bank at a given point in time.