How a counterfeiting campaign toppled the Continental Dollar

BlockchainsNovember 12, 2019, 4:57PM EST
UPDATED: March 16, 2022, 3:39PM EDT
How a counterfeiting campaign toppled the Continental Dollar
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Inflation is a hotly debated topic in the cryptocurrency industry. On one end of the spectrum, we have assets like Bitcoin, Litecoin, and Zcash, which are built with a disinflationary monetary policy. On the other hand, we have Ethereum, EOS, Stellar, which have chosen monetary policies that mimic our current economic system.

While the core developers and community members behind crypto-networks strive to maintain a monetary policy that aligns with the general consensus, once in a while we see bugs that could and have resulted in unexpected inflation of these networks' economies. Unforeseen and unplanned inflation is often the result of these bugs being manipulated by counterfeiters.

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