17 Feb
2016
17 Feb
'16
6:03 a.m.
On 2/17/16, Troy Benjegerdes <hozer@hozed.org> wrote: ...
If you don't understand entropy, and how that impacts money, then we'll never get any sort of consensus on the when inflation goes from necessary evil to wanton corrupt wealth redistribion. This number is far from precise, and has about as many values as there are people that use money.
The real cypherpunk question is when are we going to have a blockchain that allows a distributed and coercion-free market to transparently set a consensus demurrage and/or inflation rate to transfer wealth collectively from those that hold money to the cryptographers and coders that collective maintain the blockchain's value.
Very interesting viewpoint - thanks for sharing.