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Mark_Friedenbach comments on Open thread, Sept. 29 - Oct.5, 2014 - Less Wrong Discussion

6 Post author: polymathwannabe 29 September 2014 01:28PM

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Comment author: [deleted] 30 September 2014 12:00:52AM 3 points [-]

That doesn't make any economic sense. Right now bitcoin is being inflated, which means people are spending hundreds of millions of dollars a year to keep the price stable (or not, as it is dropping). Get rid of the subsidy and demand would drive the price up, not down.