Quote:
Originally Posted by OmgGlutten!
Yeah, print enough so that you average ~2% inflation a year.
I've pointed this out a couple of times, but this would be fine in theory. Probably not as optimal as a fixed supply, but at least it would be a predictable supply. The problem is though, and it's a big one, that everybody in the history of the world who has been in charge of money printing will eventually print more for their own benefit. You could NEVER trust the 2% inflation number.
So you can not have a single group of people in charge of monetary policy. Bitcoin solves this. No single group has enough power to change the monetary policy. The implications of this are mindblowing.