Quote from: pawel7777 on January 05, 2015, 09:50:38 PM

Quote from: kokojie on January 05, 2015, 04:59:36 PM

Quote from: pawel7777 on January 05, 2015, 04:57:32 PM

Quote from: kokojie on January 05, 2015, 04:48:44 PM

Stop spreading your retarded logic. USD has 1% interest on savings accounts, does it stop anyone from spending USD?

Sunshine, let's keep some manners here, OK?

1% interest is less than inflation, does it pay to hold?

Ever heard of negative interest rates? Why did they do that?

http://www.bloombergview.com/quicktake/negative-interest-rates

Are you now saying that deflation is good for economy?

Besides, USD is a legal tender, so people will be spending it even if they don't want to. You can't really compare it to un-established crypto-currency.

Are you saying deflation is not good for economy?...

Yes.

Quote from: kokojie on January 05, 2015, 04:59:36 PM

How is this relevant anyway? Proof of Stake can do both inflationary and deflationary, you can take your pick. For example, with Bitcoin, the PoS system can be implemented as deflationary, since Bitcoin is deflationary.

It's relevant to the "USD has 1% interest on savings accounts" argument you used.

Again:

If we switch bitcoin to pure PoS, without changing issuance model, what would prevent the majority from hoarding? It's a simple question.

How does USD stop people from hoarding? if inflationary currency is needed, then so be it, you can petition to change Bitcoin to inflationary. You can go ahead and push for your ideal model. It has nothing to do with PoS, since it can do both.

Bitcoin is also deflationary, how do you stop people from hoarding Bitcoin? How does PoW vs PoS have anything to do with this?