That isn't technically true.  If the reserve bank issues out less debt than what is expiring. (aka getting repaid). The total monetary supply will be contracting.  If the total value in the economy is not contracting at the same rate there will be deflation.

This is why deflation is such a bad thing in a debt based federal reserve system.  If such a system enters a deflationary period; everyone has to fight each other for the remaining money to pay off their debt. (thus destroying the money, and removing it from circulation).

Since the amount of debt is significantly larger than the available money.  This will force many many people to sell, and that will take value out of the productive economy.  A $1M debt is $1M no matter how much $1 buys.

With bitcoin... If bitcoin goes into a deflationary period.  When debt is repaid, that money is still free to used again. (not destroyed, like with debt-based fiat).  Additionally, the cost of experiences are generally liquid, when the value of bitcoin goes up, the cost of expected expenses goes down proportionally.  This is the key reason why deflation has no (negative) effect on bitcoin.

not that there is not good stuff:

DNB: http://www.youtube.com/watch?v=f9KghSdpGn4

Dubstep: http://www.youtube.com/watch?v=CGXvQJXVzTk

I guess dubstep is the best 'mainstream music' contender for the dubious award of 'least musical'

Deflation IS a problem if all your money is DEBT, that must be repaid.

I've been reading the https://github.com/jim618/multibit/tree/v0.5 branch.  As the v0.5-bitcoinj-0.7 wasn't stable for me.

Because I understand it! I enjoy reading it!
It is neat, logical, and well-thought-out.
This means that your code is easily extendible.

I've been really enjoying reading through the Multibit 5.0 code today. (6 hours so far).  
Somehow I think that MultiBit is going to be lots of fun to hack up.  

If anyone wants some DVC (devcoins) for testing. Post your devcoin account ID here!

You will need to:
1. import the digitals server contract
2. the devcoin asset contract
3. create a nym
4. register your nym with the server.
5. create a devcoin account.

Fixed some bugs in the installer (aka it wasn't uninstalling properly)... so that now is fixed.

@slothbag

I've created a updated Moneychanger that should expose the error better

Did you install Open Transactions, (and the two MSVC packs)?

Moneychanger with updated path detection code


Moneychanger (now with path detection code!)
https://docs.google.com/file/d/0B1vBlIVORn8nRGV0c3h2aTlLdzA/edit

Big News!!!!

WE HAVE A WINDOWS INSTALLER!

 


https://docs.google.com/file/d/0B1vBlIVORn8nTElEWkhpVEM3SzA/edit



 


Check it out!

If you ask me, (that nobody has), this is all a bit of a storm in a teacup.

Overall I think that it is good for the community if dishonest people get outed.
(and not repaying a mistaken payment is dishonest and shows poor character).

I would be glad to know to avoid such a person in future business dealings.

Edit: Spelling

New Windows Builds are OUT:

https://bitcointalk.org/index.php?topic=77301

 

Posted a new Windows Compile: https://bitcointalk.org/index.php?topic=77301.msg859040#msg859040

New Versions:

You need the new VS2012 Runtimes (that now support Windows XP again!):
http://www.microsoft.com/en-au/download/details.aspx?id=30679

OpenSSL (remember to install to 'system folders'):
http://slproweb.com/products/Win32OpenSSL.html

Java:
http://java.com/en/



Open Transactions (Open-Transactions-0.88.a-win32-release.7z):
https://docs.google.com/file/d/0B1vBlIVORn8nZ3VXcEY3dHpsLW8/edit

Moneychanger (Moneychanger-00.11.00-SNAPSHOT-jar-with-dependencies.jar):
https://docs.google.com/file/d/0B1vBlIVORn8nZ0s5dWNXWjU1WGs/edit

It was very dramatic.  It made the FED to be the ‘big bad boogieman;’ when in fact the fed is just one of the problems.

It also doesn’t tie into why the main character loses his house; it never hits back home.  (Other than explaining monetary expansion == theft.)

Overall I think that it is a good video to open people’s eyes.  However it is going to take a lot more than this to change how sheeple think.

I am simply stating what I believe.
I regard anyone who would accept aggressive violence as moral as a sociopath.

Yes we all hangout on IRC

Install guides are here:
https://github.com/FellowTraveler/Open-Transactions/tree/master/docs

Debian (or Ubuntu):
https://github.com/FellowTraveler/Open-Transactions/blob/master/docs/INSTALL-Debian_Ubuntu.txt

Fedora:
https://github.com/FellowTraveler/Open-Transactions/blob/master/docs/INSTALL-Fedora.txt

Windows:
https://github.com/FellowTraveler/Open-Transactions/blob/master/docs/INSTALL-Windows.txt

MacOS:
https://github.com/FellowTraveler/Open-Transactions/blob/master/docs/INSTALL-OSX-Homebrew.txt