Hi. I'm new too—to this forum anyway. I've been following Bitcoin since January 2011 (oh what money I could have made... ah well, greed never made anyone happy
).
At first I thought of Bitcoin as a great technological feat, but something that would ultimately fail to gain mass adoption. After a while I changed my mind. I believe I misunderstand the psychology involved, and I had thought that governments would be more pro-active in stifling it.
I agree with the mainstream thought that deflation is damaging to an economy. Because of this, I thought that no one would want a deflationary currency. But then I realised that the interests of the economy aren't aligned with the interests of the individual (tragedy of the commons), and that it's not some president who will decide if Bitcoin takes off, but billions of individuals acting in their own self interest.
Now the cat is out of the bag, and short of authoritarianism there is no way to put it back in (although authoritarianism looks increasingly likely in a post-Snowden world). Deflation will be a fact; no longer something for central bankers to determine. Maybe it won't be as bad as it's supposed to be. Or maybe it will be even worse. Exciting, anyhow.
