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17585807 No.17585807 [Reply] [Original]

What is the ideal amount of supply for a globally adopted cryptocurrency? 21 million, a billion, infinite with low inflation?

>> No.17586046

It should be a binary number, much larger than the total global population.
Total global population will easily hit 10-15 billion, so there should probably be around 100 trillion total supply.
The nearest binary number would be 2^47, which is ~128 trillion.

For the sake of nice units, we'll call one unit a cent, with 128 cents per coin.
There would therefore be 2^40 total coins.

>> No.17586129

>>17586046
Interesting, so no inflation whatsoever?

>> No.17586169

>>17586129
Inflation is a retarded concept. Why do we need to print more money?

>> No.17586336

>>17586169
I agree, just trying to pick your brain. I've heard people mention how gold's inflation rate is ideal, for instance.

>> No.17586672

>>17586169
inflation is not actually harmful to wealth and economy deflation is

>> No.17586697
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17586697

>>17586672
>inflation is not actually harmful to wealth and economy deflation is

>> No.17586743

>>17586697
sit in on an econ 101 class once in your life...
deflation is good for dumb people that are bad with money and wealth management for a little while then productivity tanks and everyone gets fucked. inflation is not a problem unless you are too retarded to invest savings in inflation proof assets.
now wipe that shit off your face!

>> No.17586768

>>17586169
in a healthy economy, the money supply increases at pace with the increase in productive capacity, as a means of staving off both overheating or deflation
>>17586336
the problem with physical commodity currency is its illiquidity

>> No.17586784

>>17585807
everytime the hashing algorithm gets updated the supply of coins that aren't moved will be remined

>> No.17586815

>>17586784
fuck are you talking about?

>> No.17586836

>>17585807
If BTC were to be adopted, it would be not much different than the petrodollar since most of the hashing power is concentrated in a few countries.

>> No.17587933

>>17586836
that's the most retarded thing i read tiday

>> No.17588568

>>17586743
>you have to be not only good at your job but also at investing just to keep to wealth you've already earned.
i mean i hate normies too but this is too far even for me

>> No.17588580

>economic brainlets thinking that 'overheating' and 'deflationary spirals' are actual things
yikes

>> No.17588956

>>17585807
The base unit is sats, not full bitcoins

>> No.17589179

Successful projects are those that collaborate with other projects, that's also why I love tachyon IPX, they have incredible collaborations and an incredible use case of Next-Gen VPN based on Tech Trusted by 50 Million Users

>> No.17589599

>>17588568
no you have to be not an idiot that's all. i have lived through 40 amd 50% yearly inflations for a long while and my experience was simple
life goes on people adapt in 2 weeks and slightly alter their habits for spending and saving.
inflation is completely irrelevant. deflation however kills investments lending innovation productivity after a while the economy and eliminates wealth when scarcity hits.

>> No.17589618

>>17585807
please stop making these threads every day.

>> No.17589752

>>17589599
which is the reason no economist is scared of inflation but piss their pants if recession is mentioned.

>> No.17590536

>>17589618
bump