Let me explain why simply increasing the money supply, in d…
Let me explain why simply increasing the money supply, in different meaning to inflation, will not work as often being an anticipated tool to perpetuate Bitcoins forks beyond halvings.
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If a money supply is known and expected, as in the publicly available code for all Bitcoin forks, the market adapts and stabilizes. Alterations in the long term cause less impulse than in the near term where the market rely more on its expectation.
This means miners and exchanges need to constantly manage market expectations and covertly increase the money supply to be able to extract value thru inflation.
Such operation will be hard to coordinate amongst the miners and exchanges but impossible with publicly available code stating actual money supply.
This also means it’s an oxymoron to set a public inflation target and rises questions on the real purpose central banks has to manage state issued inflationary currency.
With Bitcoin miners can only delay the selling of coins and momentarily decrease the money supply which is the reason Bitcoin is called deflationary.
Bitcoin takes the power over money out of it and has nothing to offer but all the result of honest work.