Bitcoin Forum
January 18, 2017, 08:24:45 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: I just thought of something: DEFLATION!  (Read 2434 times)
MacFall
Member
**
Offline Offline

Activity: 84


Agorist


View Profile WWW
June 03, 2011, 03:39:27 PM
 #21

\
There is nothing backing the dollar, and there hasn't been anything for 40 years now.  Duration mismatch is a bit of a problem, but not necessarily a big one.  And money really does come out of thin air when a bank lends.  No big deal, that's the system we have, not the end of the world.

Not the end of the world, but certainly the end of any currency that operates on that principle. Which is good for bitcoin, in the long run.

No king but Christ; no law but Liberty!

Fledge Press: Pro-Liberty Fiction and Art
1JBmYmG2U5ETj8BXZUBCXDKWCQcFoERBNP
1484771085
Hero Member
*
Offline Offline

Posts: 1484771085

View Profile Personal Message (Offline)

Ignore
1484771085
Reply with quote  #2

1484771085
Report to moderator
1484771085
Hero Member
*
Offline Offline

Posts: 1484771085

View Profile Personal Message (Offline)

Ignore
1484771085
Reply with quote  #2

1484771085
Report to moderator
1484771085
Hero Member
*
Offline Offline

Posts: 1484771085

View Profile Personal Message (Offline)

Ignore
1484771085
Reply with quote  #2

1484771085
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1484771085
Hero Member
*
Offline Offline

Posts: 1484771085

View Profile Personal Message (Offline)

Ignore
1484771085
Reply with quote  #2

1484771085
Report to moderator
Prze_koles
Full Member
***
Offline Offline

Activity: 157


View Profile
June 03, 2011, 04:20:14 PM
 #22

Lets say we have two p2p virtual currencies:
Bitcoin with deflation.
Fedcoin with inflation.

Guess which wins? Which currency will people use?

Deflation, good or bad, we have no choice and we must accept it.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!