-
@ mister_monster
2025-05-16 22:20:14
Well, yeah, the gold thing, where as the purchasing power of money (in this case gold) goes up, production of money also goes up, there's still a latency in that self regulating feedback loop there but it works well.
Continuous linear debasement smooths these problems pretty well too, and trying to build a system that inflates like gold, as a response to increased purchasing power, would require an external price oracle which is a terrible idea for an independent currency, so we have to use something algorithmic and self contained with no self reference. UTXOLive is a pretty cool thing that maybe could do this, but it's certain to be gamed with that much to gain from doing so. And between hard cap, geometric supply growth and linear supply growth, linear wins out, so linear it is.