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To put it in simple words for those of you who never attended College Economics Classes, Bitcoin is inherently flawed because of deflation and deflation is bad mkay.
See, when people "mine" coins, it means they need them. And yet, more people "mining" result in less coins! It's nonsense.
So with Bernankoin the Block Reward is actually determined by how much people want coins. It's also not "mining" anymore, which is a silly goldbug term, but printing, which is the way Ben Bernanke saved our economy. That innovative reward system is called Quantitative Easing.
To put it in simple words for those of you who never attended College Economics Classes, Bitcoin is inherently flawed because of deflation and deflation is bad mkay.
See, when people "mine" coins, it means they need them. And yet, more people "mining" result in less coins! It's nonsense.
So with Bernankoin the Block Reward is actually determined by how much people want coins. It's also not "mining" anymore, which is a silly goldbug term, but printing, which is the way Ben Bernanke saved our economy. That innovative reward system is called Quantitative Easing.
Any Proof of Work coin is flawed especially if it has money cap. In a year time when eMunie establishes itself on the market. No one will look at Bitcoin and other alts with similiar model as a viable currency.
