PureApeshit

I am the true Nomad! http://www.homelesstribe.com/

here is good article on our discusion topic http://www.coindesk.com/bitcoin-isnt-evil-what-gives-value/

Inflation is how rich write off huge debts they have, because same 1000$ debt after 10 years is a lot less value.

Even it is true inflation pumps nonstop growth of economy - it is not practicaly possible to depend on nonstop growth or die. Hence all the crisis and ridiculousness in current economies.

There is no difference if rich people are idle because they have stocks or because they have currency. That is what richness is about - the lack of need.

Ofcourse bitcoin or other similar currency wont solve all the problems, but it is a better version of currency than the curent one for sure!

Ofcourse it does! Having it means USING IT, are you saying that we should stop use money? Even i totaly agree on stoping using it, my homeless tribe thing - http://postandrate.com/homeless-tribe-drastic-improvement-of... , but ofcourse that is huge step forward and not very realistic yet... basicaly if you horde bitcoins you are using them! and unless you horde 100% of all bitcoins you are just a simple user!!! and i again say that value of it being deflationary and not NEUTRAL like supposedly perfect money should be is thath it discourages mindless consumption and as you yourself say encourages buying when you absolutely need stuff.

Point is wealth in a deflationary currency is increasing, because of worth of things, without things currency is just useless numbers. If all items on world stayed the same, the value of currency would stay same too.

My point with computers was that hording currency will not affect the markets, same as computer market is not crashing because everyone is waiting for better computer for same price next year! Essential expences must be done and environment factor comes in and is important, because inflation currency lose value all time so big merchant is less afraid to just stock himself with huge amounts of items, even they get outdated he still will make profit selling them cheaper, compared to if he had just stored value in cash and lost that value to inflation.

computer power is deflationary, tablet i bought for 200 euros 2 years ago, oday i can buy same specs for 59 euros... still noone waits and holds till stuff get cheaper, same with bitcoin it will only help environment for massive stockpiling of goods will be bad.

You are not getting wealthy for nothing, you get wealthy for restraining your consumption, which is major problem of todays world, trust me im homeless(for proof can check me on youtube channel AngriestCat) and amounts of good food i find in supermarket trash is ridiculous.

Bitcoin being deflationary, storing value in it is very good idea, apart being a bit risky. I also do not see why it should be limited to small payments, bitcoin is full currency not a toy.

go girls! :D