Nemo_

Well, I am the author of the linked piece.

First, I have never owned any bitcoins, nor do I own any now. It is a fascinating and massive experiment, and I am quite happy to remain an observer rather than a participant.

Second, I suspect I know more about economics than you think (more a response to pico303 than to you). Obviously the deflationary argument is one of the strongest. The others are mostly noise, but wow is there a lot of noise.

I do wonder, though... What would happen if someone were to create something like Bitcoin but with, say, crowd-sourced monetary policy instead of a finite supply?