Re:S&P Dow Jones Indices to launch cryptocurrency indexes in...
by itsoktocry on Thursday December 03, 2020 @08:06PM
(#25297734)
>There's a whole bunch of built-in economic incentive feedback loops.
Is the implication that monetary and fiscal policy also not driven by economic feedback loops? Of course they are; just different ones.
But then, this is where Bitcoin is genius: the code isn't everything.
There's a whole bunch of built-in economic incentive feedback loops.
And getting to an "Economic Majority" is very unlikely to happen because none of the participants have to gain from that change.
Also: since a bitcoin is divisible to 10e-8, it's going to be a very long while before there's an actual shortage of the darn thing.