[Cryptography] Montana: A Post-Quantum Blockchain with Time as Scarcity

[Bill Woodcock]

> On May 18, 2026, at 11:12, Mert Ali Bulut <mrtblt at hotmail.com.tr> wrote:
> Inflation is indeed necessary, and money needs to be spent, but if there's no limit to the supply, it leads to inflation that becomes a crisis, like in Germany after World War I, and the value of money decreases. If the use of money increases, inflation may fall in the short term, but after a certain period, it will lead to a full-blown recession.

A fixed rate of increase _is_ a limit to the supply.  At any given moment, there’s an exact and knowable supply.  That’s like the one significant advantage cryptocurrencies have over traditional currencies, in my view: the rate of inflation can be fixed precisely relative to demand, rather than dictated by a board of governors who have to guess based on indirect signals.

That is, of course, a more sophisticated way of doing it than fixed-over-time, but it’s not significantly more complicated.  The complicated part is in the buy-back, when it becomes necessary.  :-/

                               -Bill

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