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by tsotha 4041 days ago
That's a feature, not a bug.
1 comments

That's a sarcasm, not a sincerity.

(At least, I hope)

Nope. The last thing you want is a government monkeying around with your currency. If I could stop the USG from inflating away my savings I would.
> The last thing you want is a government monkeying around with your currency.

Currencies are legal instruments of Governments, seem rather inextricable to me.

And yet Bitcoin is inflating even as we speak, and there are core Bitcoin devs who suspect Bitcoin won't ever be able to switchover to an economy based on mining fees instead of inflation of the money supply, as was originally intended.

But just like the Joker said, as far as Bitcoin inflation goes, everything is going according to plan. So what's there to worry about? Obviously a ship with no helmsman is objectively better than a ship being piloted by untrustworthy people (ick!).

Bitcoin production gets more difficult as time goes on, and there's a hard limit to the eventual number of bitcoins.

Honestly, I don't follow your logic at all. Clearly governments can't be trusted with money. They prove it over and over. All fractional reserve systems fail eventually. It's baked in.