Neve Farms's avatar
Neve Farms 2 weeks ago
This begs the question, who decides how many monetary units exist and who decides their creation/destruction?

Replies (4)

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
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.
Nobody. That’s exactly why we want a natural sound money and not a managed one. In the end the soundest money that most reliably secures its integrity will be the one that society consolidates on.