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Author Topic: Heavy transaction fee for old account: solution of deflationary spiral  (Read 5024 times)
Lolcust
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August 17, 2011, 06:39:53 PM
 #61

Deflationary death spiral only happens to money that are not infinitely divisible.

Bitcoin is, technically, infinitely divisible (though some limits are currently coded into mainstream clients).

Problem ?

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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August 17, 2011, 10:07:41 PM
 #62

I don't know what a "Deflationary death spiral" is. I guess you mean a deflation not caused only by growth but also by shrinking credit and thus liquidity. But that has to do with debt creation and interest, not with the divisibility of the currency.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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