Post
Topic
Board Announcements (Altcoins)
Re: [ANNOUNCE] Ixcoin - a new Bitcoin fork
by
payb.tc
on 11/08/2011, 01:08:54 UTC

I think it would be interesting if someone tried a fork of bitcoin with the same speed-of-generating-new-bitcoins-graph, but with no cap at 21 million btc. Instead, when the 21 million is reached, there will be an inflation of 0.7 % per year. That would mean that the money supply would double once every 100 years. That is an acceptable loss from a currency user's perspective, and would add any benefit(s) an inflationary currency arguably has. I could totally live with my savings halving in value once every 100 years, if that sacrifice boosts the usage of the currency, prevents hoarding etc.

Very cool idea!


slight flaw in that logic is that with bitcoin, 21 million will never be reached.