Let's just say it's completely transparent in it's inflation. That is an objective advantage. You can argue that the inflation model is bad, but it is at least completely deterministic.
>> They sure will, as will corrupt vendors, hackers, salesmen, etc. Corruption is a human trait, not confined to "bankers or politicians".
> They sure will, as will corrupt vendors, hackers, salesmen, etc. Corruption is a human trait, not confined to "bankers or politicians".
Crypto-currency can at least remove one piece in the chain of corruption that was often exploited before. Just like cryptographic communication does not prevent against all attacks, it does prevent against some.
Not actually true until all coins are mined in like 100 years; for now it's undergoing quite predictable inflation and will be for quite a while.
> The money supply needs to grow as the demand for money grows (yes, the demand for money changes over time and circumstance).
Divisibility solves the liquidity problem, the only real issue is deflation and there's other ways that could be stabilized as money supply manipulation is certainly off the table in this case.
It isn't inflation "safe"; there's no inflation. And that isn't necessarily good. The money supply needs to grow as the demand for money grows (yes, the demand for money changes over time and circumstance).
>no corrupt bankers or politicians can manipulate it (easily)
They sure will, as will corrupt vendors, hackers, salesmen, etc. Corruption is a human trait, not confined to "bankers or politicians".