Bitcoin Forum
September 20, 2019, 02:12:59 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Inflation that's equally distributed.  (Read 1962 times)
asdf
Hero Member
*****
Offline Offline

Activity: 527
Merit: 500


View Profile
January 18, 2013, 09:31:20 PM
 #21

This is just robbing savers.

You should only be able to consume what you produce. Using force to impose any other distribution system will be less optimal. If an individual is so unproductive that they cannot sustain themselves, they must rely on the voluntary charity of their peers.
1568945579
Hero Member
*
Offline Offline

Posts: 1568945579

View Profile Personal Message (Offline)

Ignore
1568945579
Reply with quote  #2

1568945579
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568945579
Hero Member
*
Offline Offline

Posts: 1568945579

View Profile Personal Message (Offline)

Ignore
1568945579
Reply with quote  #2

1568945579
Report to moderator
1568945579
Hero Member
*
Offline Offline

Posts: 1568945579

View Profile Personal Message (Offline)

Ignore
1568945579
Reply with quote  #2

1568945579
Report to moderator
1568945579
Hero Member
*
Offline Offline

Posts: 1568945579

View Profile Personal Message (Offline)

Ignore
1568945579
Reply with quote  #2

1568945579
Report to moderator
Qoheleth
Legendary
*
Offline Offline

Activity: 946
Merit: 1017


Spurn wild goose chases. Seek that which endures.


View Profile WWW
January 18, 2013, 10:10:09 PM
 #22

Well if that is actually what OP suggested then that is a stupid idea because it's socialism and we all know socialism doesn't work.
How would you define the term "socialism"?

Because I suspect it's not how the term is defined in the dictionary.


If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
odolvlobo
Legendary
*
Offline Offline

Activity: 2618
Merit: 1401



View Profile
January 20, 2013, 03:20:41 AM
 #23

You guys are both missing his point. See where he says, "For the people who are rich, then they face inflation but that's not a bad thing - they'll be encouraged to spend it."

This means his idea of "equal distribution" is the same amount for each individual. Not according to how much money you already hold. So, inflation comes, everyone gets $100.

Well if that is actually what OP suggested then that is a stupid idea because it's socialism and we all know socialism doesn't work.

Actually, it is wealth redistribution through the guise of inflation.

Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
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!