Post
Topic
Board Bitcoin Discussion
Re: Stabilized Bitcoin using eMunie economics
by
Fuserleer
on 09/02/2016, 17:51:08 UTC
creating supply.. hmm
so this is not bitcoin at all and nothing to do with making bitcoin stable, and more so to control volatility of an altcoin you create.
ok got it.

so when there is demand, you create new supply.. ok well your altcoin is now not deflationary but just another fiat emulator. and has lost its purpose as a competitor to bitcoin.

though maybe using some technologies of blockchain i presume, it wont be a replacement of bitcoin, but more so aimed at updating the fiat system

im sure a government may adopt your EMU coins as a national currency(maybe). where supply is no longer created via credit agreements, but instead the demand the population.

Well if you re-read the original post, you'll see that I did not run the simulation with the elastic supply enabled, but with the emission algorithm as defined by Satoshi

So in fact this test was a very close simulation of attempting Bitcoin stability as the supply is not modified in any way other than diverting some of it to fund the buffer, and the overall emission follows Bitcoin exactly.