wedrifid comments on Bitcoins are not digital greenbacks - Less Wrong
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So say that these miners, who are incidentally nearly always owners of significant numbers of bitcoins decide that they want to inflate the currency and voluntarily devalue their assets (because people totally do that kind of thing).
Send in the clergy! They can move diagonally!
You are treating the bitcoin economy as if it has the same rules, incentives and capabilities as a country with a government enforced currency and a central bank which implements monetary policy in pursuit of political objectives. However, these similarities are superficial. The actual microeconomic incentives, available tools, problems, goals and powers are not the same. Your proposal requires many actors to do things that go against their personal self interest voluntarily. That isn't how the world works.
I'm confused; surely there could exist a client that can parse both Bitcoin and NotBitcoin, even if it uses an identical protocol to talk about them.
The entire proposal still seems more absurd than a 8-1 or 10-1 split (with the instant inflation that is efficient for such a split) which would be the actual result of adding a byte or decimal point to the maximum precision.
Yes. the creation of such a client does not seem to be a technical difficulty. Convincing people to use it and treat the two currencies as equivalent is what isn't trivial.