> I like the idea of a currency which doesn't allow politicians to introduce inflation, but perhaps we should have one which has a finite set of tokens on setup, and doesn't attempt to also attract people as some sort of investment with mining etc.
Bitcoin _does_ have a fixed set of tokens on setup: 21 million of them... but you need a way of giving out those tokens without handing a windfall to a centralized decider that gives them out.
Mining isn't an "investment" thing: It's the @#$@ fundamental consensus process that makes the whole thing possible: Node autonomously validate the rules, but transaction order is not decidable autonomously and so mining produces a hard to rig / cheap to verify 'vote' on the order of transactions.
Bitcoin smarty aligned these two processes by making participation in the consensus also accomplish giving out the original tokens.
Bitcoin _does_ have a fixed set of tokens on setup: 21 million of them... but you need a way of giving out those tokens without handing a windfall to a centralized decider that gives them out.
Mining isn't an "investment" thing: It's the @#$@ fundamental consensus process that makes the whole thing possible: Node autonomously validate the rules, but transaction order is not decidable autonomously and so mining produces a hard to rig / cheap to verify 'vote' on the order of transactions.
Bitcoin smarty aligned these two processes by making participation in the consensus also accomplish giving out the original tokens.