Post
Topic
Board Bitcoin Discussion
Re: When the majority decides to change the rules
by
Catallaxy
on 29/05/2011, 07:12:40 UTC
... how would you guys react if a future majority were to decide that the current policy needed tweaking?  I am thinking in particular of the policy that the total number of bitcoins is capped at 21 million.  It could very well happen that the majority comes to the conclusion that the builtin cap is having nefarious effects and decides to upgrade the software such that Bitcoin will switch to a controlled inflation system (say 2%/year). 

Please, please conduct your business in a controlled inflationary currency so that I can purchase your troubled assets with my sound currency when you have a liquidity crisis. I love me a good sale.

Competing currencies for the win.