Bitcoin Forum
December 10, 2016, 10:27:41 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Money Should Work?  (Read 1020 times)
ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386



View Profile
March 27, 2011, 04:33:23 PM
 #1

Is this saying correct for bitcoin, or not?
Bitcoin have no inflation, so the bitcoins should not work?
1481408861
Hero Member
*
Offline Offline

Posts: 1481408861

View Profile Personal Message (Offline)

Ignore
1481408861
Reply with quote  #2

1481408861
Report to moderator
1481408861
Hero Member
*
Offline Offline

Posts: 1481408861

View Profile Personal Message (Offline)

Ignore
1481408861
Reply with quote  #2

1481408861
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
FooDSt4mP
Full Member
***
Offline Offline

Activity: 182


View Profile
March 27, 2011, 04:44:23 PM
 #2

Is this saying correct for bitcoin, or not?
Bitcoin have no inflation, so the bitcoins should not work?


In the end, Bitcoin will have no inflation, but at the moment the supply is inflating by 50 BTC approximately every 10 minutes.  Every 4 years, this is halved to 25, 12.5, etc until it reaches the limit of Bitcoin precision and becomes 0.  But, regarding your question, once Bitcoin is non inflationary, it will still be profitable to put it to work.  The currency will lose it's value if no one trades it, which is the same as inflation.  But, with Bitcoin, the inflation/deflation is ultimately controlled by the demand for Bitcoin.

As we slide down the banister of life, this is just another splinter in our ass.
benjamindees
Legendary
*
Offline Offline

Activity: 1288


View Profile
March 28, 2011, 12:01:42 PM
 #3

Please clarify what you are asking.  Do you mean that money should appreciate in value?  Or do you mean that money should support real investment?

Civil Liberty Through Complex Mathematics
Pages: [1]
  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!