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A comment on Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says. Parent comment

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by ryanwaggoner on Wednesday November 29, 2017 @11:17PM (#15813433)
The “naturally” part is interesting...we manipulate money supply partly to hit target inflation rate. Would there be a way to use the ongoing transactions on a blockchain itself to calculate an inflation metric, and then naturally increase or decrease the money supply to keep it around 2-3% or whatever?
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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by Exo_Tartarus on Wednesday November 29, 2017 @11:55PM (#15813579)
That's exactly what I've been thinking. Of course the inflation target would be arbitrary, but once agreed upon and baked into the blockchain logic it could maintain itself based on some parameter or set of parameters
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