fortunately we can just inscribe it in code and not entrust any specific entity with that power.
it's far more important that monetary policy is *fixed and known*
specifically what the policy is, is secondary.
but a fixed static number is just bad monetary policy
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Many other cryptocurrencies, particularly during the altcoin boom of the early 2010s tried exactly the same thing... The market seems to have decided that they aren't as valuable as Bitcoin.
Who gets to decide the supply inflation when writing the code though? And how is an elastic credit system built on top of a fixed base layer of money inherently bad?