I agree with Gregory Maxwell as he describes in this post.
https://bitcointalk.org/index.php?topic=5405755.msg60542558#msg60542558
The gist:
if all inflation would always increase everyones holdings by the same percentage, it wouldnt have any economic impact at all, but if new money supply deviates from that distribution it essentially redistributes value. The question is in what way that redistribution happens and every single system of inflating token supply i have ever encountered always favours the rich, thus no inflation in token supply is the most fair solution.
I dont think a solid proposal how it could benefit the poor can exist, but if anyone reading this does not agree, please feel free to share.
I agree with Gregory Maxwell as he describes in this post.
https://bitcointalk.org/index.php?topic=5405755.msg60542558#msg60542558
The gist:
if all inflation would always increase everyones holdings by the same percentage, it wouldnt have any economic impact at all, but if new money supply deviates from that distribution it essentially redistributes value. The question is in what way that redistribution happens and every single system of inflating token supply i have ever encountered always favours the rich, thus no inflation in token supply is the most fair solution.
I dont think a solid proposal how it could benefit the poor can exist, but if anyone reading this does not agree, please feel free to share.