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A predetermined monetary policy is fine but the fact that it is predetermined to be deflationary is a fatal flaw.

I would have much more faith in a cryptocoin's potential as a currency if the predetermined monetary policy was something like Friedman's k-percent rule: https://en.wikipedia.org/wiki/Friedman%27s_k-percent_rule

Of course this would vastly reduce the Ponzi aspect for early owners which might remove most of the appeal.

And I still wouldn't have much faith in it since I doubt being decentralized is enough of a benefit for people to switch away from government currency and normal banking.




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