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I disagree, because Bitcoin's monetary policy can be changed at any time. In fact, Dogecoin, which uses a fork of the Bitcoin code, just changed theirs a short
by a-priori 13y ago
I disagree, because Bitcoin's monetary policy can be changed at any time. In fact, Dogecoin, which uses a fork of the Bitcoin code, just changed theirs a short time ago, without much fuss, to a continuous inflation policy like you mentioned. I agree that for either of them to be used as a currency (rather than just for speculation), a low and stable level of inflation is necessary.
But that's all about inflation in the long term. In the short term, the rate of inflation depends on other factors such as the rate of capital moving into the Bitcoin economy and the rate of Bitcoins being lost.
So right now, there's no reason people should hold back on adopting Bitcoin because of its current monetary policy of having a fixed maximum number of coins. It's not like there's a fixed amount of money or time that can be invested in it; there's no reason people like Stripe and merchants can't do their bit at the same time core Bitcoin developers do theirs..
- tlrobinson 13y agoDogecoin is much smaller than Bitcoin. It would be vastly harder for Bitcoin to change it's monetary policy without forking the network.