Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
altcoin hitler
on 31/01/2015, 01:02:13 UTC


Satoshi is the one who decided on Bitcoin's high inflation rate in the early years, which I believe was (wisely) done to distribute the currency widely; Bitcoin, or any currency, is more valuable the more users it has.

Development discussions currently happen on the IRC channel for Bitcoin, the development mailing list, the /r/bitcoin subreddit at Reddit, and this very forum (more serious discussions usually are to be found in the Development & Technical section).

Well, wide distribution is a nice thing but it fails in being a store of value. Someone should have told people not to buy the coins because "we need to wait until 2020".

I don't know if satoshi made a mistake or if people were just stupid for buying the coins.

Now tell me what sense is in wide distribution of worthless coins? Maybe there is sense in it but what sense does all your wishing and hoping have about the price?

I do have some serious discrepancies here about this whole bitcoin-thing and i honestly don't trust people to not screw it up even more. All the persona cult about satoshi and the intellectuals of these days is exaggerated. The intellectuals need to be questioned for their assumptions after what we currently see in the market.