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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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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