If the Bitcoin community adds any form of currency creation beyond the initial decreasing reward for securing transactions, I will sell all my Bitcoins and move on.

Price stability is a pipe dream of central planners. The larger Bitcoin becomes, the more stable it will become. If you have a good way to force people to use Bitcoin without forcing people to use Bitcoin, please share.

Like I said, information is very valuable. Unfortunately for us, we don't live in a world where everyone has all the information about all things at all times. This is a silly argument. If everyone is getting an influenza vaccine, and I die of influenza because I live in the woods and never heard about an influenza vaccine, does that mean that influenza vaccines are unfair? No, it doesn't.

You can choose to use the tool or not, crying that the people who found the tool first have an unfair advantage is ridiculous. Suggesting a voluntary currency is a Ponzi scheme is just as ridiculous.

I like how BitterTea answered the early adopter argument.


Would you have though it was such a good idea then? Perhaps. Would you have invested in it? Maybe. The thing is, information is valuable (extremely valuable), and people with the proper information early on will reap the rewards.

Am I jealous that they learned about Bitcoin before me? Yes, but I'm not complaining that a voluntary currency is a Ponzi scheme like some people. That's just silly.

Oh.


Indeed.

BTC Mine has this feature.

If I said price deflation or price inflation, maybe.

But I was talking about actual inflation. Tomorrow there will be more Bitcoins in the economy than today, they are inflating. When you put more air in a balloon, the balloon is inflating.

Do you just let it happen to you? I buy umbrellas.

Help the community by attempting theft, fraud, blackmail and slander? Awesome idea! 

If you think drugs are bad, you should be helping people to get away from drugs, not preying on them.

Thank "random deity here" that people are interested in buying and selling Bitcoin. 

I would prefer Bitcoins be worth something. Every change you've suggested makes Bitcoins far, far easier to get and I imagine this would have a significant impact on the value. Also, I'm not a big fan of inflation (yes, I realize Bitcoin is currently inflating), so I wouldn't even bother with block chains with (long term) inflationary rules.

It's operated by donation. There is no mandatory fee. You can believe whatever you want, that doesn't make it true.

I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're! 

Oh trust me, women won't have any problem getting Bitcoins at any price whenever they decide they want some.

Since you give absolutely no specifics besides "10,000+ computers", I'd guess 3.

In before kiba sees bubble.  


Edit: Since I should add something useful to the post. I think you should read about Bitcoin, in your spare time, for a few weeks and decide for yourself. For me personally, Bitcoin is a no brainer. In my perfect scenario I own 1/3 Gold(Silver), 1/3 Land, 1/3 Bitcoin. I work hard and I get paid in Bitcoin and I spend Bitcoin to survive.

I am not a fan of my money being manipulated by someone else. In that respect alone Bitcoin comes way out on top of our other options. I don't want to get political, but the current debt money system is the one that is unsustainable.

Good point.

To show this in effect, notice that we just had a difficulty increase, yet we are still finding blocks faster than 6 per hour. (We are at around 10-11 per hour.)

The difficulty adjusted to the average of the last period, but by the end of the period, we were above the average.

Difficulty lags behind price. Here is what caused the difficulty quadrupling.



When mining suddenly becomes insanely profitable, like it did then, it takes time for new hardware to hit the network (whether it be from newcomers seeing the amount of money to be made, or previous miners seeing the amount of money to be made). You don't just see the price go nuts, then turn on the extra 10 gpus you had sitting around doing nothing. You have to buy, wait for for shipping, assemble, configure, etc. And if you are a new miner, that takes even longer (because you have to post threads asking why your shit doesn't work). Then you have the people that hear from their friends that they are making "money for nothing" and they join in as well. Until eventually mining isn't insanely profitable anymore, it's merely profitable for those who are efficient, those who don't know/care if they are losing money, or those who don't pay for their hardware/electricity.

I assume, if the price jumps again, there will be even more crazy difficulty jumps and the old miners will see these posts pop up again from all the new miners. And if the price does jump again, we won't see all the "mining, does it worth it?" threads for a few weeks because they lag behind the price as well!

Apparently they are buying Bitcoins from themselves as well.

Look at the volume in dollars, not Bitcoins.