Comment Re:Crash? More like correction. (Score 1) 709
Except that any secure digital cash system must have the property that I mentioned -- the tokens must grow with the number of transactions:
ftp://www.hacktic.nl/pub/mirrors/Advances%20in%20Cryptology/HTML/PDF/E92/390.PDF
I'm not sure if "token" is a valid concept in bitcoin. There are just practically unlimited number of "accounts" which each hold a variable amount of bitcoins. Also, there is a central authority of sorts for bitcoin, which is the public blockchain that stores all the transactions in bitcoin network, and makes it possible to know the value of every account. That transaction record is managed in a peer to peer fashion.
So tokens don't grow since there are no tokens to begin with.