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June 10, 2013, 05:36:33 AM |
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Hi,
I am new bitcoin and these questions have bugged my mind lately: Suppose that bitcoin becomes a universal currency and is used in all countries. Now how will they handle a salary increase for employees? I mean after a year, employers will need more bitcoins to give to their employees in order to increase their wages (to cover for inflation). But as this process continues, after some years there will be no more bitcoins!
Also as time passes, new population is added and new population means needing more and more bitcoins BUT the total number of bitcoins is constant (in contrast with the size of population) so how can this problem be solved?
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