https://blog.p2pfoundation.net/faircoin-activates-first-cooperative-blockchain/2017/07/20 Researching, documenting and promoting peer to peer practices Mon, 24 Jul 2017 17:18:29 +0000 hourly 1 https://wordpress.org/?v=5.5.14 https://blog.p2pfoundation.net/faircoin-activates-first-cooperative-blockchain/2017/07/20/comment-page-1#comment-1578947 Mon, 24 Jul 2017 17:18:29 +0000 https://blog.p2pfoundation.net/?p=66715#comment-1578947 unless you create new coins as the Faircoin economy grows the currency will suffer from deflation. This is even worse than inflation. People will be incentivised to hoard their coins as an investment that will grow in value and not spend them. I appreciate the problem with mining in Bitcoin has seen some people get very rich through mining but not creating new currency is not the answer. Even though Bitcoin has created some new currency it has not been enough to keep up with the growth in usage and Bitcoin has suffered from massive deflation. Need to find a way to create currency linked to usage…

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