The indexing based on the local cost of living that I mention in the story
That’s just the dog chasing its own tail. With two, you are suggesting adding yet more government to the mix. No thanks.
Phasing in won’t work. It’s the same issue that the Fed has. Businesses are aware of the changes and adapt their prices. They also reduce new hiring, etc to compensate. The effect of minimum wage hikes is not limited to the cost of goods sold, but also results in wage compression, reduction in new hiring, etc.
Prices will adjust. 2% inflation is the target that we want. Markets are too complicated to hit the target perfectly though.
The real inflation rate already hovers around 5%.
My understanding is that Quantum Computing will blow away any cryptography we currently have. Quantum Computing is ahead of schedule.
That’s really just Google trying to promote itself. They selected a problem that can be solved with traditional computers, if the amount of memory were sufficiently expanded.
Moreover, there are already recognized solutions and a hard fork wouldn’t take long. It’s not a fork that involves changing the data of the blockchain, so people won’t resist either.
