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Even though the number of "real" bitcoins remains given, there is nothing stopping individuals or banks from trading them more frequently or issuing tradeable n
by YokoZar 14y ago
Even though the number of "real" bitcoins remains given, there is nothing stopping individuals or banks from trading them more frequently or issuing tradeable notes denominated in bitcoins, which would both raise the effective money supply.
- SilasX 14y agoSure, but the (very important to me) difference is that there's no one to bail you out when people come redeem the claims for real bitcoins, allowing people who don't like such schemes to safely isolate themselves from them -- just hold and insist on real bitcoins.