News for hackers. Stuff that matters.

A comment on Blockchains from a Distributed Computing Perspective [pdf]. Parent comment

Re:Blockchains from a Distributed Computing Perspective [pdf] by gwbas1c on Saturday January 20, 2018 @04:36PM (#16195549)
> And the notion of a secure financial system where if you don't move your money for a year your whole account is confiscated seems rather unappealing!

This is why conventional money has a low amount of inflation. It incentives you to invest your money instead of putting it under a mattress.

[ Parent | on HN ]
Re:Blockchains from a Distributed Computing Perspective [pdf] by mbrock on Sunday January 21, 2018 @02:33AM (#16197208)
That is indeed a more conventionally appealing way to encourage circulation—a gradual inflation in prices rather than sudden account confiscation!
[ Parent | on HN ]