A Letter to Jamie Dimon

Excellent article.

There is another benefit to bitcoin, beyond censorship — bitcoin was specifically design to avoid hyper-inflation by controlling the speed at which new bitcoins are printed and with a self correcting mechanic so that new blocks are issued every 10 minutes with a prescribed number of new coins for miners.

Thus there is no central controller of the currency, no quantitative easing. Further borrowing of bitcoins is not possible via the blockchain.

This appeals to those who believe that governments borrow too much and use inflationary measures such as QE to get out of the debt.