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Wei_Dai comments on Look for the Next Tech Gold Rush? - Less Wrong Discussion

34 Post author: Wei_Dai 19 July 2014 10:08AM

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Comment author: Wei_Dai 23 July 2014 01:07:17AM 2 points [-]

I would have thought you did, based on your research.

No, my monetary policy views were firmly mainstream, which considers rapid unpredictable changes in prices, in either direction, to be a really bad thing for a currency. So I designed b-money to have a stable value relative to a basket of commodities, and until Bitcoin came along, never thought anyone might deliberately design a currency to have a fixed total supply.