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That would require destroying coins during a recession.

• marvin 13y ago
  Bitcoin/Dogecoin is basically a public ledger. Couldn't the system be set up so that this system of rules did destroy coins during a recession by reducing everybody's balance? It could probably be gamed very easily by speculators going in and out of the cryptocurrency, but there shouldn't be a technical reason why it can't be done. This is in sharp contrast to traditional currencies: You can't send in the police to confiscate 5% of everyone's dollar bills.
  • aninhumer 13y ago
    If you reduce everyone's balance at once, it doesn't really have any effect on the money supply, all you're really doing is changing the numbers people use.
    • acchow 13y ago
      An isomorphism.