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It's unrealistic to expect that a thing could grow from a project on a hobbyist's computer to a major international currency without some volatility along the w
by jacoblyles 14y ago
It's unrealistic to expect that a thing could grow from a project on a hobbyist's computer to a major international currency without some volatility along the way.
- wmf 14y agoI think Bitcoin could have been designed to be less volatile (by making the mining reward based on some closed loop), but that change would also likely enrich early adopters less which might have caused Bitcoin to never take off.
- eru 14y agoEventually the mining reward will be almost completely be based on transactions fees. That should make for different dynamics, than mining being paid almost exclusively from new coins.