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Author Topic: Deflation - the worst argument against buying Bitcoins ever.  (Read 2474 times)
phelix (OP)
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October 24, 2013, 02:45:06 PM
 #1

This stuff is getting super expensive - don't buy it!

Please critics, think about it.

If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.

domob
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October 24, 2013, 03:04:25 PM
 #2

This stuff is getting super expensive - don't buy it!

Please critics, think about it.

If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.

Nice post!  But at least there's still the psychological issue with "one Bitcoin".  Since my brother-in-law got interested in Bitcoins recently from my talk (but he installed on his own a wallet software and a MtGox rate ticker on his smartphone), I'm planning to give a vanity address paper wallet to him for christmas.  It will be loaded with 1 BTC (although for 90 Euro at the time I bought it), which is more than the usual amount for presents, but I think it is still much nicer to put 1 BTC on it rather than 0.5, 0.2 or 0.1.  Nevertheless, I think this is the last year where this is still possible....  I wonder how expensive that present will be when it is time. Wink

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polarhei
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October 24, 2013, 03:07:29 PM
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Wait. In a concept of share. Share is normally bounded before release. I don't think people refuse to buy some because The supply is harder to modify, plus, monitored by everyone. Not just central authority.
phelix (OP)
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October 24, 2013, 04:10:18 PM
 #4

This stuff is getting super expensive - don't buy it!

Please critics, think about it.

If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.

Nice post!  But at least there's still the psychological issue with "one Bitcoin".  Since my brother-in-law got interested in Bitcoins recently from my talk (but he installed on his own a wallet software and a MtGox rate ticker on his smartphone), I'm planning to give a vanity address paper wallet to him for christmas.  It will be loaded with 1 BTC (although for 90 Euro at the time I bought it), which is more than the usual amount for presents, but I think it is still much nicer to put 1 BTC on it rather than 0.5, 0.2 or 0.1.  Nevertheless, I think this is the last year where this is still possible....  I wonder how expensive that present will be when it is time. Wink
500BTM ("Bitmills") sounds even better.

Wait. In a concept of share. Share is normally bounded before release. I don't think people refuse to buy some because The supply is harder to modify, plus, monitored by everyone. Not just central authority.
Sorry, I don't follow.
BitTrade
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October 24, 2013, 05:07:37 PM
 #5

We won't see any real ill effects of deflation UNTIL there are significant bitcoin-denominated loans being made.  

Firms will go belly-up left and right when someone takes out a loan one day, and a week later they need to pay back 2x the original amount.
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