Quote:
Originally Posted by Fuzz
Alright, so I'll make a new one. Flexcoin. The fundamental design of the currency can be altered by votes, so if you want to change from PoW to PoS, or add security layers, or whatever, it can all be done on the fly. Then it will always be able to keep up.
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Ok cool. But that doesn't preclude someone else from creating Uberflexcoin, which is better than your Flexcoin in every way. And cheaper to use.
The fundamental flaw with the price always rising is that a rising price will, by definition, attract substitutes.