Out of curiosity, what are you using Bitcoins for right now?

I have no intention to do that, but others might.

What I am advocating is a change that fixes what appears to be flawed while there is time. You cannot hide from the economic reality and simply focus on the technology. A digital currency must fulfill the needs of the users if it should expand. I want to believe, the community wants Bitcoin to grow and be accepted in many places. If it is just a fun project to test out a technology, then maybe I am in the wrong place.

I read that. I do not want to haggle about the meaning of words. I call it deflation, you can call it differently if you wish. The economic implications are what is important. And they cannot be easily dismissed by saying that we experience inflation.

Denying the deflation is like claiming that humans have fur, because they have 1000s of hairs all over their bodies. Technically it is correct, but everyone knows that humans do not have fur.

I have a dream about the future...

Imagine, in 20 years, all people on Earth are using bitcoins and the amount of coins is fixed. Wait a moment...not fixed. It is decreasing, because:
People will inevitably lose access to their wallets. They may die and not tell a password to their wallet to anyone. They may just forget. Their harddrive may crash and they have no backup.
Or, imagine, someone has a job and brings home more money than he needs - he just hoards the rest, because that is the best form of investment in this kind of economy.
Whatever the reason, the number of coins in active use decreases.

On the other hand, the number of people is probably still increasing, because there are new technologies providing more food and better healthcare.

This future is impossible. Economy cannot reasonably work when there is constant deflation. No one is motivated to invest and take risks.

If bitcoin stays the same as it is today, it will NOT become the main currency in the future, because this future is impossible.

The idea of digital currency is great, but the current coin generation is flawed. It must be repaired. I do not know how, but it should be tied to the amount of subjects using it or the amount of coins exchanged for actual goods or services in the recent past. I do not know if that is technically possible. If not, even connecting the generation rate to the current exchange rate of BTC/USD or other physical currency would be better than the current way.


What Bitcoin needs most are sellers and buyers of actual goods. None of them are motivated right now to use Bitcoins. On the other hand, investors and hoarders are motivated a lot.

If the situation does not change soon, the bubble will burst and there will be a lot of upset users and Bitcoin 2.0 with different rules will appear...

Thanks for the tip. Your tool looks useful. I'll consider using once the number of people wanting to use bitcoins is high enough.

Hi all,

because I like the idea of free money, I have decided to try accepting bitcoins when selling licenses of my graphic software - that would be:

RealWorld Icon Editor http://www.rw-designer.com/3D_icon_editor.php
- an icon authoring tool for Windows and Mac applications with layers and built-in 3D tools

and

RealWorld Photos http://www.rw-designer.com/photo-editor
- a batch image processor and photo retouching tool with lossless .jpg re-saving

I do not know how much interest this will generate, so I started small (as recommended in the seller guide) by posting the offer on the purchase pages. Those interested in purchasing the licenses, email me at info@rw-designer.com The price will depend on the current exchange rate (prices in USD are on the purchase pages).

Let me know your thoughts..

Vlasta