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Title: If "a penny saved is a penny earned" Post by: Bitcoin Magazine on July 18, 2014, 01:24:54 PM meaning a penny is "earned" because it loses value over time due to inflation, what is simply a penny saved (as a bitcoin). Is Benjamin Franklin trying to tell us something about our inflationary money supply?
Title: Re: If "a penny saved is a penny earned" Post by: bluefirecorp on July 18, 2014, 01:35:19 PM You're assuming all currencies have inflation. Currencies can have deflation.
Title: Re: If "a penny saved is a penny earned" Post by: FUR11 on July 18, 2014, 02:39:36 PM But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do!
Title: Re: If "a penny saved is a penny earned" Post by: Bitcoin Magazine on July 18, 2014, 07:09:39 PM But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do! i prefer to Give it away, to gain karma, from killing a man Title: Re: If "a penny saved is a penny earned" Post by: bluefirecorp on July 18, 2014, 09:12:00 PM But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do! i prefer to Give it away, to gain karma, from killing a man with your cock. Had to finish that sentence. Title: Re: If "a penny saved is a penny earned" Post by: ajareselde on July 18, 2014, 09:39:45 PM meaning a penny is "earned" because it loses value over time due to inflation, what is simply a penny saved (as a bitcoin). Is Benjamin Franklin trying to tell us something about our inflationary money supply? Obv, saving fiat is as dumb as you can go; so there may be some meaning to what u are saying. Anyway you put it, economic system was allways made so that average person is making that 1% happy. Same thing would happen if the whole worly used bitcoin only, rich ppl would find a way to obtain 99% of it. Title: Re: If "a penny saved is a penny earned" Post by: BitcoinTraders on July 18, 2014, 10:05:44 PM a penny saved is only a penny earned if you find it on the ground
Title: Re: If "a penny saved is a penny earned" Post by: shkiser on July 18, 2014, 10:24:22 PM But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do! i prefer to Give it away, to gain karma, from killing a man with your cock. Had to finish that sentence. LOL someones hitting the booze early this friday. |