Quote from: MingLee on June 20, 2016, 03:50:47 PM

I would say that a cryptocurrency that resets itself is probably rather counter-productive, and in my opinion a terrible idea if you want it to go on for more than a generation. The crypto could never have any considerable value because it would all get wiped in the future, and thus investing large amounts or placing the value at greater than $1/coin would be completely useless and just be looking for a lot of lost wealth.

It is a good concept for an authoritarian government that should never expect for their currency to have any value in the international stage, but it sucks as a free market idea.

Money should erode imho as everything in nature and most importantly "trust". So a reset mechanism in a crypto to simulate inflation is consistent with reality. The only things that always gain momentum, end up in a bang.
People always confuse money with assets see (red above) money is asset, asset is not money.

How is it anything that diverges from bitcoin perspective is auto-tagged authoritarian, never-mind don't answer.