3 ms·
"I'm working on two proposals right now, one with constant growth over time and one with a slightly increasing growth." Such a coin has been created. Freicoin
by aminok 14y ago
"I'm working on two proposals right now, one with constant growth over time and one with a slightly increasing growth."
Such a coin has been created. Freicoin is a bitcoin-variant that devalues at a constant rate. It hasn't caught on, probably because people prefer currency that doesn't lose its value.
"It's not unrealistic that Satoshi could own 2% or 3% of all the money that will ever be made. That's a problem."
He owns 2-3% of all the money at one point in time. He can only spend that money once. Money circulates, and can only give value to its user when they circulate it.
Given a given unit of money will circulate indefinitely, the relative economic power of a holder of a particular percentage of the money supply at a particular point of time will decrease over time as a percentage of total economic power exercised throughout the currency's existence.