Quote from: Etlase2 on April 22, 2013, 06:12:40 PM

We're not talking bitcoin here, we're talking stablecoin. You quote one part of a 5 paragraph post and say I'm focusing on dumping. Are there any specific things you don't think I've addressed, rather than just leaving it open ended and implying a failure to account for something else?

There is no such thing a free money, this is what the fed attempts to do with quantitative easing and stimulus bills. There is only so much value in a network, if you increase the amount of money in a system without validating its existence, it decreases the value of all money proportionally. What you are suggesting is a tax on the network to the advantage of transactors in an attempt to further stimulate spending.

These inflationary measures will not doing anything but trickle-up, as we have seen in recent years. Creating a central-bank in protocol is opposite to the bitcoin design philosophy.