Would you move your money to an inflationary currency?
I think the answer is....
"NO"
It's one thing to support another idea, it's quite another to actually use it.
Topic: Would you support moving to a system with controled inflation? - page 7. (Read 13187 times)
I think that the question you want to ask is "Would you support moving to a fiat-like electronic decentralized currency system".
I think the question they want to ask is "Would you support moving to a system with constant inflation?"
(Not constant as a fraction of the money supply, though.)
It'd be worthwhile at least discussing how the economic future of Bitcoin would look different if the mining bounty were to remain at 50 BTC forever...
Controlled Inflation is controlled resource use.
Do you want someone telling you how much food to eat, gas to use, power to use, clothing to own, etc... ?
And if even possible, people would create a "Black Market" to get around it. Make their own clothes, their own food, etc...
BitCoin is not controlled inflation. It is a constant quantity used for Money. You can't print more, preventing Quantitative Easing.
Inflation would still occur, instead of 10 Bitcoins for a Widget, when people want more Widgets with declining Widget production, the Widget will cost 20 Bitcoins. <--Inflation
Do you want someone telling you how much food to eat, gas to use, power to use, clothing to own, etc... ?
And if even possible, people would create a "Black Market" to get around it. Make their own clothes, their own food, etc...
BitCoin is not controlled inflation. It is a constant quantity used for Money. You can't print more, preventing Quantitative Easing.
Inflation would still occur, instead of 10 Bitcoins for a Widget, when people want more Widgets with declining Widget production, the Widget will cost 20 Bitcoins. <--Inflation
It seems the issue of inflation vs. deflation is pretty controversial, so I thought it would be interesting to see where the majority is, and how strong it is.
Bitcoin _is_ a system with controlled inflation.
And it will keep being so for about next 100 years.
So you are asking the wrong question.
I think that the question you want to ask is "Would you support moving to a fiat-like electronic decentralized currency system".
EDIT:
The question for you is:
What or who will "control" the inflation in your idea ?
It seems the issue of inflation vs. deflation is pretty controversial, so I thought it would be interesting to see where the majority is, and how strong it is.
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