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physics137
on April 2, 2019
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Statistical mechanics of money (2000)
Total number of bitcoins (at t = infinity) is a conserved quantity. Do you think this sort of analysis applies to cryptocurrencies?
qubex
on April 3, 2019
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Iād say it proves that cryptocurrencies that do not allow fractional reserve banking are just rehashes (no pun intended) of old & discredited bimetallic/gold standard/specie/mercantilist ways of thinking.
malaya_zemlya
on April 2, 2019
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at t -> infinity, the total amount of bitcoins in circulation tends to 0 because there is always a positive probability to lose any private key.
qubex
on April 3, 2019
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Good point.
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