Bitcoin is inflationary right now and in fact it will never stop inflating...This experiment to stop inflating in a few months is a disaster.
Besides, if you believe this:
Milton Friedman predicted crypto currency in 1999 the NSA had a design built in 1996 and the rest is history.
http://kolinevans.wordpress.com/2014/03/02/milton-friedman-predicted-crypto-currency-in-1999-the-nsa-had-a-design-built-in-1996-and-the-rest-is-history/Then read this:
Friedman's k-percent rule
http://en.wikipedia.org/wiki/Friedman%27s_k-percent_rule"Friedman's k-percent rule is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every year, irrespective of business cycles."
If you don't want to take my input, maybe listen to Friedman...
So frictionless minimal proposal of 1% fits Milton Friedman.
You just want to retain and exploit your 3% stake, that's crazy for adoption and miners have no incentive with no transactions so no fees. Defies logic.
You argue IXC will have greater liquidity by being mined out, then argue against increasing liquidity. All for selfish reasons.
At any rate:Wrong on all counts - I already considered everything you have posted [
and more] before I cast my vote.
I have an Econ degree and I understand what deflation does - it is as bad,
long term, as inflation [for the poor].
The 2 economists you quoted are 100% right.
And BTW: Bitcoin is deflationary in that it has a fixed amount of coins [for now]. Valuations look at that and not at just the fact there's new coins being minted [temporarily].
IDEALY [
in the long run] it's best to have a small nominal inflation strategy, like 1%-3%, this is ideal and correct.
My rationale does not come from selfishness, I could easily then vote for a 10% PoS and get richer than everyone else - this is exactly what bankers do, this is what the fed and the elite do and it is a stealth tax on the poor and middle class, and I have no intention of doing that,
LONG TERM.
I'm simply thinking about what will lead to the quickest mass adoption path. And that is:
To be as close to the standard, which is Bitcoin, as possible.
This is our biggest advantage against the hundreds [and soon thousands] of other alt-coins.
If we advertise ourselves as Bitcoin's twin, it would be a lie if we were actually printing more coins beyond the 21 million hardcap, and that is one of
Bitcoin's biggest selling points against the hate people have for Fiat.
And you suggest it's a good idea to give that massive advantage away. NEVER!
Bitcoin will inflate, they will add PoS, the 21 million hard cap will be raised, I've said this since last year, but for now they have not and neither will we,
UNLESS it is absolutely necessary to keep the miners going, and in this case, given we have CEX on our board, it is
NOT necessary.