Hacker News new | past | comments | ask | show | jobs | submit login

but that's different. There's only a limited amount of btc you can mine, whereas currency can be printed as profligately as you like ... it's more like "gold" in that sense ...



What about forks and alt-coins? Aren't those just "profiligate printing"?


Interesting point. I wouldn't say profligate since creating a new coin, and getting people to adopt it is far less trivial than printing a bundle of notes. But, I think you're right in pointing out that it is a side-channel through which more money can be "created", but in this case it's not a fiat (government) policy decision.


Yes, the point being that it is (generally) easier to control a few government decision makers than exactly everyone who can make a website and start a cryptocurrency first node.

There are many international institutions that check such things (IMF, or just the international money markets, etc). Basically everything that the cryptocurrency-libertarians folks keep on ignoring: turns out such problems were basically solved already.


Only if we adopt them, at least we have a say.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: