Currency cannot behave like currency if the value constantly trends upward.
Gresham's law is supply-side driven. If the demand side rejects your bernankebux, the law no longer holds.
Hyperinflation never happens to the reserve or empire currency. It only happens to fringe and revolutionary governments. Martin Armstrong explains this in great detail on his blog.
By the time BTC is big enough for the economics peculiar to it to have a significant impact on the global economy, we are very very near the singularity, and no one will accept an inflationary currency.
You can join Kurzweil in his
vacuous nonsense.
The human economy has always been and always will be using inflationary currencies, your selfish hardtardmoney delusion aside.
Until it gets pervasive, global, it's not a problem. When it gets pervasive and global, its not a problem for a different reason.
If you hold 100 USD, and 100 mBTC, and the mBTC appreciates rapidly, while you spend all your depreciating USD, then soon you have no more USD to spend. Your reserves are dominated in mBTC, and you must spend mBTC perforce, for lack of an alternative.
You think the target market of crypto-currency are investors. No that wouldn't be a currency. The target market are spenders and users of the facilities (network effects) it brings.
The key to beating Bitcoin is making a currency that is more popular
TO USE, not just to invest in.
Think for example social media.
My take: XMR needs to bootstrap. It can't bootstrap if no one will take it. If it is inflationary, no one will take it. The only way to get people to accept an inflationary currency is to hold a gun to their head. Crypto has no guns.
I could not agree with this statement more. It is just another way the black swan of cryptocurrency is blowing up the way we understand finance. Folks keep trying to appy the limitations of current systems to this new one.
I am curious what your thresholds are for it being inflationary/deflationary/stable.
I couldn't disagree more.
You've got to create uses for the coin. And the best way to do that is put the coin in the hands of as many spenders as possible so as to stimulate the demand for such facilities and network effects. The whales will be buying the spent coin and the virtuous spiral (spenders mine -> spend -> investors accumulate) spirals upward.
Okay. Are there other proposals that enjoy any support with the devs?
That I'm not sure. Johnny Mnemonic proposed exponential inflation, which I think was ill received as a lot of people think it'll turn Monero into the next FreiCoin.
Please do fixed nominal debasement or some tiny % such as 1%.
That will leave the door open for a coin to do it correctly. Thank you very much.