3 Sep
2021
3 Sep
'21
4:42 p.m.
https://marc.info/?l=cypherpunks&m=95279521221728&w=1 The resource waste in creating b-money can be reduced if we assume that b-money will be created gradually as the b-money economy expands rather than all at once at the beginning. If we build a deflation factor into b-money, b-money will be worth more over time and therefore not as much b-money will be needed to support the operation of the economy. This can be accomplished by specifying that the standard basket used to define the creation of b-money grow at a fixed rate over time.