Quote from: other_side on December 11, 2013, 10:58:07 PM

Why don't you simplify this. And create the exact digital copies of major currencies.

Obviously you didn't see the difference. This design is not inflationary in real terms, only in nominal terms. Big difference!

Just to give you an example. When I first heard about crypto-currencies, I wanted to buy some. Looking at the price of Bitcoin, I felt it was expensive. I would only get a fraction of a coin, so I bought LTC, as they were much cheaper. Later I bought some Bitcoins too.

This irrational behavior is present in most people. That is why I believe that holding should increase, instead of price, when demand increases. The price-level to set is determined by the consensus of miners. In this design, bitcoin today would perhaps cost 1 USD per coin, while you would have 800 times as many as when you bought them.

It is just a different design, but I believe it has some merits.

HA