Re: Why doesn't Bitcoin consider a low interest rate mechanism to fight deflation?
Why not consider a fixed low interest rate mechanism to ensure that Bitcoin is more suitable for current economic activity?
For example, if you hold 1 bitcoin in an address, you will be rewarded 0.02 bitcoin after holding it for 1 year.
Interest is calculated and paid every year or before you will pay to another address.
For example, if you hold 1 bitcoin in an address, you will be rewarded 0.02 bitcoin after holding it for 1 year.
Interest is calculated and paid every year or before you will pay to another address.
Why award the wealthy instead of awarding those who actually work for it? No. As I said here, Bitcoin awards meritocracy, not oligarchy. And that's just perfect.
Is this meant to be just a more subtle way of asking "why not PoS?"? Because that was answered already in another topics.
@NeuroticFish
Why don't you end all of this PoS topics questions.
Because they are all happening, because people are worried about the coming US & Europe PoW bans.
So just explain to everyone why PoW will be able to survive the US & Europe ban and how they will still be able to trade PoW coins, even if the PoW bans include banning trading PoW coins on exchanges, and the price not collapse.
I won't even comment after your post, to leave that explanation post unsullied.
I'll consider it a fairly tale to help me sleep, but the rest might believe you.
