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Bitcoin Forum > Economy > Economics > Bitcoin major fail - doesn't allow credit creation (aka deflationary currency)
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Richy_T
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December 13, 2012, 05:38:34 PM
 #261
I bought a small quantity of bitcoins a couple of months ago. In that time, no one has decreased the value of what I hold by counterfeiting more bitcoins. In fact, my holdings will currently purchase approximately 33% more USD than when I purchased them. What's not to like?
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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bool eval(bool b){return b ? b==true : b==false;}


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December 13, 2012, 06:46:31 PM
 #262
Quote from: bobitza on November 01, 2012, 11:17:14 PM
The issue that I see with Bitcoin is that it doesn't allow credit creation.
This assumption is simply wrong.
There is no line of code supporting such a conclusion.

Any currency is not allowing credit creation out of its own.
It's how the banks (ab)use money that allows credit creation.
Apply this to Bitcoins ... and there you are.
The paining (sic!) is done with the QPainter class inside the paintEvent() method.
(source: my internet)
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