> > Levi, > > > > You talk of the Fed as a regulatory body that keep the inflation in check. > > If there is a decentralized monetary system how do you regulate/influence > > inflation? > > Well, I gather that preventing inflation was one of the reasons that > bitcoin has a fixed supply. A another consequence of this is that a market > denominated in bitcoin would see price deflation as it grew, which carries > its own set of problems. > > So, you either need to design the currency so it has the kind of self > regulating mechanisms you desire or deal with the way things play out > without them. > > --Levi > Thanks for your help. I prefer an imperfect regulatory system over a volatile currency.
--Daniel /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
