Post
Topic
Board Bitcoin Discussion
Re: If you belive that Bitcoin is over and done with...
by
BitcoinBug
on 09/09/2011, 16:23:01 UTC
We're still printing them at a quarter million bitcoins a month,  even if they are worth .00001 cent each.  

If someone can logically answer why there is no mechanism to slow down the rate of printing then I want to hear it.

At price 10$ with all miners regularly selling, buyers have to put 2.16 million USD a month to keep the price stable. 1.08 million USD for 5$/BTC and 216k USD a month for stable 1$/BTC. PRICE is the mechanism, not printing rate!