qikaifu (OP)
Full Member
 Offline
Activity: 168
Merit: 100
God creats math and math creats bitcoin.
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August 20, 2011, 05:13:33 PM |
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it's the same way of thinking as fiat money, which aims to stole the value of peoples who are saving the money.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Yuusha
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August 20, 2011, 06:30:03 PM |
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Why couldn't you just say this in the Freicoin thread?
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Jack of Diamonds
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August 20, 2011, 06:34:32 PM |
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The what-coin?
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1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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Yuusha
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August 20, 2011, 06:40:09 PM |
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jtimon
Legendary
Offline
Activity: 1372
Merit: 1002
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August 22, 2011, 12:27:51 PM |
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As explained many times:
1) You can save in many ways, not only hoarding the medium of exchange: investing, lending, hoarding real goods, paying in advance...
2) demurrage is not the same thing as inflation, their effects are different:
A) Inlflation is an accounting inconvenience. If you think that is not important, just think that the prices must grow exponentially and the period for a given product to increase one unit in price will become shorter and shorter with time. Eventually it will become shorter than a second
B) Demurrage lowers real interest rates while inflation only rises nominal interest rates
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caston
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August 22, 2011, 01:46:04 PM |
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As explained many times:
1) You can save in many ways, not only hoarding the medium of exchange: investing, lending, hoarding real goods, paying in advance...
2) demurrage is not the same thing as inflation, their effects are different:
A) Inlflation is an accounting inconvenience. If you think that is not important, just think that the prices must grow exponentially and the period for a given product to increase one unit in price will become shorter and shorter with time. Eventually it will become shorter than a second
B) Demurrage lowers real interest rates while inflation only rises nominal interest rates
Computer hardware gets cheaper though. How much storage can a gram of gold buy today as opposed to ten years ago? |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
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jtimon
Legendary
Offline
Activity: 1372
Merit: 1002
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August 22, 2011, 03:30:57 PM |
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Computer hardware gets cheaper though. How much storage can a gram of gold buy today as opposed to ten years ago?
Sorry, I don't get your point. |
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Bicknellski
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November 15, 2013, 11:22:20 AM |
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Seems to work fine.
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El Dude
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November 15, 2013, 11:24:48 AM |
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the only alt coin with real potential is Litecoin
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Bitcoin and Litecoin hodler
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braytz
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November 15, 2013, 11:48:40 AM |
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BitcoinAddicts
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November 15, 2013, 12:34:09 PM |
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it's the same way of thinking as fiat money, which aims to stole the value of peoples who are saving the money.
No, you are wrong, Freicoin is the best..... |
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