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     7 years ago 

    Care to expand on this? Sounds like an interesting point

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       7 years ago (edited)

      I wrote an article about it: Bitcoin may not inflate vertically, but thanks to artificial intelligence the inflation might happen horizontally

      Here is the conclusion:

      ... If you now combine the above elements

      • of the possibility for forkings generally
      • of marginal profits when creating a new crypto currency
      • of AI systems capable of millions of transactions per second
      • of the necessity for future forkings

      ... you end up with the conclusion that at one point - since you can make a profit with it - there will be a horizontal inflation of digital currencies and that means, Bitcoin too will inflate. It's just not going to be in the classic way. The result on the other hand will be the same as always: The stored value in crypto currencies will thin out over time.

      I will follow you now.

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