One of the bitcoin people claims that one of their novel contributions is not relying on a central authority to prevent inflation. This seems right to me given my brief research… bitcoins are being generated at a fixedly decreasing rate, with all of them likely to be generated around 2140.
http://www.readwriteweb.com/hack/2010/12/interview-bitcoin.php
One of the bitcoin people claims that one of their novel contributions is not relying on a central authority to prevent inflation. This seems right to me given my brief research… bitcoins are being generated at a fixedly decreasing rate, with all of them likely to be generated around 2140.