The end of this discussion is here.
http://forum.bitcoin.org/index.php?topic=11627.0

The post you're looking for.

http://forum.bitcoin.org/index.php?topic=11627.0

There has been a huge amount of tatter by the masses about how bitcoin is deflationary, how it's the next satan, and will end the world etc. I myself was interviewed by a freelance reporter (read, unemployed jouralism major) and he just wouldn't stop banging on about deflation, even after I'd said it doesn't matter. Throw in the recent threads on hackernews and Quora posts, it's getting really annoying to the point of distraction.

So I'm going to lay it down here, and I don't want to hear another peep about it.

Firstly this is the bitcoin project, it is primarily about bitcoin the software, the services around etc. One aspect of bitcoin is that it is deflationary.

The arguments are always about whether deflation is a good thing or not, so this is actually not a bitcoin issue (it's just something that effects bitcoin, because it's deflationary).

Firstly I must point out that economics is a SOCIAL SCIENCE, this means that there are many contradicting theories, it's not math, so there are many MANY things which tend to be plain wrong. Social sciences are the fields of scholarship that study society.

Hard science like math, physics, some biology and chemistry are ....well...hard. 1+1=2, gravity stops us floating away, take away our oxigen and we tend to die. These things are provable, you can run test after test and get the same result.

This is not so with economics where there are no tests, just some (often poor quality) data, and theories trying to explain that data. And from these theories predictions are made. It's very very shakey ground.

Who thinks what about Deflation

There are two schools of thought on deflation and inflation.
Keynesian economics, which favors government intervention and money supply inflation. This not surprisingly is the most popular school of thought with world governments (if someone told you to just print money and spend it you'd like them too).

This school not only supports inflation, but believes it to be essential to growth.

Then there is the Austrian school, which is is for a free market, against government intervention, and generally think inflation is bad and deflation is good. Again unsurprisingly these people are not popular in government circles around the world.

For more about why they think deflation is good see these links.
http://mises.org/daily/1241
http://blog.mises.org/3362/inflation-or-deflation/
http://mises.org/daily/4623

This is an argument between these two theories of economics, not bitcoin. At best bitcoin could be thought of as a modern experiment in deflation.

If you think deflation is just the devil, then fine, don't use bitcoin, just watch, you'll see soon enough whether it causes the bitcoin economy to stall, and you'll be in the position to gloat or eat your words. If deflation doesn't bother you then forget about it and continue living your life and spending your bitcoin.

But let me be clear, no more pointless natter about deflation worries. If you're a bitcoiner don't allow yourself to be drawn into a discussion about deflation, point them to this thread and say thats all you've got to say about it.

Nefario.

I'm sorry I don't speak German, but I fucking love the title of this thread.

We're working on a web client so you wont have to install anything, it's due to be available by June 6th.

Nefario.

I think I need to weigh in on this.

Essentially, attempting to sell the shares at a higher price than the initial IPO offering simply will not work, it's not that the system is being gamed but that the system will not let you(Tawsix) game it.

Others have bought shares at the original 0.75btc price, unless there is more demand(more people want to buy) the price will not rise. This is the only reason that the price can go up in a market is if demand increases or supply decreases.

You are attempting to sell more shares, so supply is not decreasing, it is in fact increasing.

You can say that you will only sell the new shares at 1btc, but this simply will not work, because there are shareholders who have bought (many) shares for 0.75btc, and as long as you sell for even 2 satoishis (0.00000002btc) above 0.75btc the previous buyers will be able to sell at a (small) profit before you ever sell any shares.

Simply put you can't beat the market, and it's not a problem with glbse or with anyone gaming the system. THIS IS THE GAME.

You have to give peopel a reason to want to pay 1btc instead of 0.75 for a share, perhaps a new share that pays a higher dividend, or greater voting rights or something.

Or you could pay a high dividend, this will automatically cause demand for your shares to rise.

You could try to go outside glbse to sell at 1btc but you'll fail. Why would someone buy at a higher price from you when they can get the same thing cheaper (and easier) from the market?

Your only choice is to start paying dividends, sell new shares at the same price, or sell new shares at a lower price(which current shareholders probably won't like).

If you sell new shares at a lower price you won't be able to get the price higher until you get demand higher, and that will only happen with dividend payments.

I believe the market (and that's what you're operating in, a free and open market) won't give you any more capital until you start paying dividends.

Your only choice is to start paying dividends(whether now or in the future), and this means getting mining up and running.

Nefario.

Their money, they can do what they like with it. Burn it for all I care (can you burn bitcoins?).

It is something I could change but it would require the person making the order having the amounts in their account at all times until their order is fullfilled.

I'll go over these tomorrow and make payments where appropriate.
Nefario.

You also might consider listing on glbse.com, it would allow easy shareholder management, dividend payments, voting, and secondary trading of the shares.

It will allow you to have many small investors instead of just trying to find a few big ones.

We're also working on a web based client, which should be available to use by June 6th.

If you want I can also help you with writing the share contract.

Nefario.

It doesn't really mean that someone really has. The way the system works is buy and sell orders can be placed even if you don't have the bitcoin or shares. However once a matching order has been found, it will try to process your order, and if by that time you don't have the needed btc or shares then it just removes your order from the market.

There was a vote already, the vote has been open for something like a week, it closed today(or yesterday, I'm not sure) and the final result was no to the proposal to raise the price.

I don't think they're offering it anymore.

You're choice, just outlining a method to reduce the risk of you being a scammer.

Busy now, will check this Friday.

Everyone who thinks they are due bitcoin post a payment address.

I have 30btc to spend on this.

Nefario.

I mean offer your facebook and WoW account(or gold) as collateral, give the username and password to a third person who then keeps hold (by changing the username and password) until you meet certain conditions.

Find someone on the forum who is a trusted party, someone with reputation on the forums and have them be the third person. They can verify they have control of your account's to everyone else. You then instantly have more trust (if your facebook account is legit), and shouldn't have a hard time raising capital.

The third party should recieve a small fee for this service.

Everyone is happy, excellent.

Dishwara has just paid his first dividend. Has something of a history on this forum. He has reputation because he hasn't scammed anyone.

You have 4 posts to your name, what kind of collateral can you offer in the event you try to run with the money?

Probably want to be something non physical, like a WoW profile that's worth around the same value as what your looking for.

What about your facebook account? Offer that as collateral. 

bmc.py bitcoin-history
should show something with the work "dividend" in it.

Got it, will reply tomorrow. It's late here.