So is the bounty paid already ?

Well, the Bible says something about 10% being fair tax.

I guess God (obviously) knows the Laffer curve, and also knows the less taxes, the better life becomes.

Not only that.

You also need to switch to another network, like testnet.
Changing the code you wrote now and running modified client in normal Bitcoin network, should be treated as an actual attack on the network.

Inflationists: Go fork and create your own network. It is just few lines of code.

Changing BTC to inflationary model will not fix this.
BTC with constant block reward will be also very deflationary in practice, and the situations you described can happen as well.
"Inflacoin" would be suspectible to the "early adopter" problem in the same way as BTC is, because that always happens with a rising currency - there are few people who invest in the currency first and they get the most out of it later - you can't avoid that.

And i still think that you have some hidden motive in supporting this.

1. There is completely no problem in creating a fork. If you are on this forum, you should be a believer in free market rules. So I am saying free market is the thing that will decide who is right in the quickest, most obvious way.
Also, it will only fragment the community for a short time, but after that, when all doubts will be resolved, Bitcoin will be stronger than ever.
"Things that don't kill you, make you stronger".


2. The discussion is simply not an effective way to decide who is right. The free market decides who is right.

Well, even if you are right, it's only safe for the seller.
It is nowhere near safe for the buyer.

The problem is, you never know if you aren't buying from a FBI/CIA agent.
GPS geocaching would be a nice way to at least partially fix this inconvenience.

LOL, there exists no incentive given that EVEN NOW people are paying fees even if THEY DON'T HAVE TO ? I call bullshit.

I think that you are saying this only because you have certain interest in saying so.

Bitcoin was created exactly because of there is practical inflation in all normal (fiat) currencies, and now you are telling me that we should bring back the same shit we just escaped from  ?
Sorry, I don't think this is going to happen.

I also think the poll results clearly show what is the public opinion on this.

Please just take this inflationary bullshit with you and make a damn fork - we shall see what people choose. I will surely choose a currency that promises that tomorrow's bread will be always cheaper than today's bread. I don't see a point in my money being taxed.

----
This discussion itself is bullshit. Just create the damn fork and let the market decide. That is better option than making a poll.

Well, I do have portable ceremonial shrines... 99,99 BTC if you are interested too.
But this is a special offer that is valid only today !

silkroad:

I think you should take a look at the drug-related discussion in the other thread:
http://bitcointalk.org/index.php?topic=175.msg71515#msg71515

There is a saying among programmers.
"If it works, don't change anything. Chances are you may break something".

Seriously, what every currency needs is stability.
I would say that following the rules set by somebody way smarter than you (satoshi) is very reasonable, and leads to the most stable situation for the currency.

So unless another genius comes along, i don't see any point of changing something that works nicely.

Shortly, I will follow the one who I know is smarter than me, not some random guy i spotted on a forum.
Current deflation rate is the best because Satoshi said so. That is good enough for me.

Die already, scammer.

//BTW, i think this guy is retarded.

That kind of currency (50 BTC block reward forever) would also be very deflationary in practice while inflationary by design, exactly as Bitcoin.
That is because the number of goods & services offered for it would rise faster than the number of coins minted (assuming it became popular).

So it would be very similiar to Bitcoin, but simply worse (because of weaker practical deflation) and IMHO people would quickly abolish it.

Pointless. Strong No.

1. I don't know about that, I'm not using FB. But even on FB, people can link to Wikipedia.

2. Well, even if that's true, they still have the search bar in their browser.
I guess they know how to use it.

3. Also, they usually know youtube.

FB + Google + Youtube should be more than enough in this case.

Thx a lot.

Oh, that trick stopped working on Internauts some time ago.
Yeah, it may work for some time on normal citizens, but Internet users are much better versed in the terms of internet technologies.

Because of the fact of Bitcoin being a P2P technology, the public will associate it with Bittorrent, not terrorism (unless governments claim that using BT is terrorism too, but that won't work either).

Yeah, i know what you are thinking. "The public" is stupid. Perhaps, most americans are stupid, but the ones already using Bittorrent, Wikipedia and Youtube (which is quite large percent i think) will very quickly undertstand what is going on and the government is lying. I mean it's 10 seconds on Google to find out what exactly Bitcoin is and what it is not, for God's sake.

So no, i don't think that calling Bitcoin users "terrorists" or Bitcoin itself "tool used to spread terror" will work in the information era.

That is a relative term.

The inflation in Bitcoin is predefined and "controlled" by mathematical algorithm that is known to all parties in advance.
So it is "controlled" in a way.

Bitcoin is inflationary, and it will stay so until the last coin is mined (for another 100 years or so). Of course, the inflation decreases over time.

+1

Bitcoin _is_ a system with controlled inflation.
And it will keep being so for about next 100 years.



So you are asking the wrong question.

I think that the question you want to ask is "Would you support moving to a fiat-like electronic decentralized currency system".

EDIT:
The question for you is:
What or who will "control" the inflation in your idea ?

For which version will the patch be scheduled for ?

Absolutely.

The only viable option is GPS geocaching. Everything else is easily traceable.
Using normal mail, there is 99,9% probabilty you will be caught sooner or later.

Actually, anything physical (leaving physical traces) or involving third person is easily traceable, because you only need to find weak link in the chain to find the seller. People are usually the weakest links.

I hope silkroad realizes this, because if he doesn't switch to GPS geocaching-only, sooner or later he will be caught.