Title: Bitcoins' contradiction - the scissor in your head Post by: smalltimer on January 14, 2015, 03:22:34 PM Two positions maintained by the bitcoin supporters:
1) the high bitcoin inflation is good for the fair distribution of the coins 2) it's going to the moon You can't have an inflationary period for decades and at the same time go to the moon. Think about it. Distribution/inflation and mooning at the same time - It's a contradiction. The coin is going to stagnate at rockbottom in distribution-modes until at least 2018. We learn this from how altmarkets behaved in the past. Pumping something up that's inflationary is really utter monkeybusiness. Yes, you are the monkeys with fear of missing out. There are enough coins for everybody! Every day more! Title: Re: Bitcoins' contradiction - the scissor in your head Post by: DanielT on January 14, 2015, 03:37:35 PM The high bitcoin inflation was here at December 2013... the time when early adopter hodlers were the "new wealthy elite".
Title: Re: Bitcoins' contradiction - the scissor in your head Post by: runam0k on January 14, 2015, 03:44:58 PM "To the moon" is based on the idea of exponential growth in demand (caused by, for example, just a tiny fraction of annual international wholesale trade being transacted in bitcoins). Such growth would greatly outpace so-called Bitcoin "inflation", so yes, you can have "an inflationary period for decades" and at the same time go to the moon. 3600 bitcoins per day (current reward) sounds like a lot but in the grand scheme of things (i.e. the context of international capital markets) it's not. It's a rounding error.
Title: Re: Bitcoins' contradiction - the scissor in your head Post by: JamesBrown on January 14, 2015, 03:48:22 PM Light is waves
Light is particles Electrons can be here and there simultaneously Bitcoin is a currency Bitcoin is a commodity Bitcoin is neither and both at the same time Title: Re: Bitcoins' contradiction - the scissor in your head Post by: homo homini lupus on January 14, 2015, 04:08:24 PM "To the moon" is based on the idea of exponential growth in demand (caused by, for example, just a tiny fraction of annual international wholesale trade being transacted in bitcoins). Such growth would greatly outpace so-called Bitcoin "inflation", so yes, you can have "an inflationary period for decades" and at the same time go to the moon. 3600 bitcoins per day (current reward) sounds like a lot but in the grand scheme of things (i.e. the context of international capital markets) it's not. It's a rounding error. your only problem is: you don't get an 'exponential demand' going with this inflation because people don't demand things that are this volatile. No profit = no adoption high volatility = no adoption it's fail, mofos - and so are you Title: Re: Bitcoins' contradiction - the scissor in your head Post by: runam0k on January 14, 2015, 10:20:16 PM "To the moon" is based on the idea of exponential growth in demand (caused by, for example, just a tiny fraction of annual international wholesale trade being transacted in bitcoins). Such growth would greatly outpace so-called Bitcoin "inflation", so yes, you can have "an inflationary period for decades" and at the same time go to the moon. 3600 bitcoins per day (current reward) sounds like a lot but in the grand scheme of things (i.e. the context of international capital markets) it's not. It's a rounding error. your only problem is: you don't get an 'exponential demand' going with this inflation because people don't demand things that are this volatile. No profit = no adoption high volatility = no adoption it's fail, mofos - and so are you EDIT: Believe it or not, Bitcoin's one-year volatility from late '13 to late '14 actually halved (from 137% to 66% -- it's still huge, of course, but it's coming down). Or maybe you're right and your post has enlightened us all and convinced us to sell. Thanks! |