4 ms·
I think a digital currency is a lost opportunity, you could make the system self adjusting to a set target, very accurately.
by UK-AlasGou 14y ago
I think a digital currency is a lost opportunity, you could make the system self adjusting to a set target, very accurately.
- w-ll 14y agoThat's what Bitcoin does. The protocol can't know if funds are destroyed... because they cant be. They are actually just sitting in unreachable wallets.
- stevedekorte 14y agoRight, though all wallets are reachable/stealable with sufficient compute power. This is partially why it's always a good idea to split up your holdings into many wallets.
- muyuu 14y agoIt's a catch-22. While many people would agree that strict deflation is probably a bad idea, the very fact that this policy proves changeable by a popularity vote would set such an immensely worrisome precedent. It would mean that the inflation policy is in practice discretional.