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Author Topic: If "a penny saved is a penny earned"  (Read 769 times)
Bitcoin Magazine (OP)
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July 18, 2014, 01:24:54 PM
 #1

meaning a penny is "earned" because it loses value over time due to inflation, what is simply a penny saved (as a bitcoin).  Is Benjamin Franklin trying to tell us something about our inflationary money supply?

i am here.
bluefirecorp
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July 18, 2014, 01:35:19 PM
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You're assuming all currencies have inflation. Currencies can have deflation.

FUR11
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July 18, 2014, 02:39:36 PM
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But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do!

Bitcoin Magazine (OP)
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July 18, 2014, 07:09:39 PM
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But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do!

i prefer to Give it away, to gain karma, from killing a man

i am here.
bluefirecorp
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July 18, 2014, 09:12:00 PM
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But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do!

i prefer to Give it away, to gain karma, from killing a man

with your cock.

Had to finish that sentence.

ajareselde
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July 18, 2014, 09:39:45 PM
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meaning a penny is "earned" because it loses value over time due to inflation, what is simply a penny saved (as a bitcoin).  Is Benjamin Franklin trying to tell us something about our inflationary money supply?

Obv, saving fiat is as dumb as you can go; so there may be some meaning to what u are saying.

Anyway you put it, economic system was allways made so that average person is making that 1% happy.
Same thing would happen if the whole worly used bitcoin only, rich ppl would find a way to obtain 99% of it.
BitcoinTraders
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July 18, 2014, 10:05:44 PM
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a penny saved is only a penny earned if you find it on the ground
shkiser
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July 18, 2014, 10:24:22 PM
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But it could also gain value. If it was a Satoshi, for example! Just giving it away means losing it completely. Saving it is a reasonable thing to do!

i prefer to Give it away, to gain karma, from killing a man

with your cock.

Had to finish that sentence.

LOL someones hitting the booze early this friday.

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