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Interesting, but I am still waiting for something that would be positioned between Bitcoin and Freicoin with inflation controlled democratically, not set by an
by vlasta2 14y ago
Interesting, but I am still waiting for something that would be positioned between Bitcoin and Freicoin with inflation controlled democratically, not set by an authority (developers behind respective currencies). Every user would choose how fast coin mining should be, making the inflation/deflation react to the people using the system.
- maaku 14y agoThere were people on the Bitcoin forums that proposed such schemes, but not one has been found to be free of exploitable attacks. In the end, I decided the security of a fixed rate was better than the uncertainty that someone might come along and figure out how to game the system.
- vlasta2 14y agoSorry to hear that it is so hard to come with a balanced reliable solution in this area. But it is a good thing that you are trying to address the bitcoin's problems. If there were such solution, it would attract different kind of sellers and buyers than bitcoin attracts now.