Post
Topic
Board Development & Technical Discussion
Re: Taking Down Bitcoin
by
blueadept
on 28/04/2012, 21:12:53 UTC
This ignores both economics and network effects.

Economically speaking, as long as your blockchain fork doesn't cause the technical death of Bitcoin, few people will accept your inflationary coins. Sure, free money is nice but would you give someone a silver or gold coin in exchange for currency designed to hyperinflate?

As far as network effects, obviously this has no effect on Bitcoin other than as an attempt to siphon users to your blockchain fork and away from the main chain. That hasn't worked so well for most of the alt currencies and there's no reason to believe it would work for an inflationary fork of Bitcoin based on the paragraph above this one.