Post
Topic
Board Economics
Re: Fixed supply, really?
by
CurbsideProphet
on 27/02/2014, 20:13:15 UTC
You know, there are various altcoins out there that do not have a fixed supply. Why don't you go with them?

My point was not "fixed supply is good or bad". My point was that even if Bitcoin is built with fixed supply hardcoded in, the -effective- supply will not by, with buisnesses operating in fractionnal reserve and governments building reserves.

It would still be fixed because it would be similar to the gold standard in which everything is tied to something.  You needed to have some amount of gold to print notes, you would need some amount of Bitcoin to do the same.  This is different from now where most fiat in the world can just be printed with nothing but faith backing it up.