Hi guys.
I've been thinking about this one thing...
Bitcoin has its 21M limit, and that's all fine, but...new coins seem to be popping up on weekly basis. The problem is not the inflation of bitcoins per se, but the inflation of alternative cryptocurrencies. Has anyone ever thought about this problem? Ultimately it might turn the whole economy into a hyperinflationary bad investment. The only hope is that most of those currencies won't catch up, and we'll be left with 3-4 *coins. But if they somehow do catch up, this might grow into a pretty big problem.
What are your thoughts on the issue?