Quote from: JorgeStolfi on September 13, 2015, 08:05:44 PM

Quote from: Elwar on September 13, 2015, 08:21:13 AM

Jorge and other Keynesians hate people saving their money because then nobody has a safety net. Without a safety net this necessitates the government to provide it. And there is nothing Keynesians love more than government force.

I don't know enough about Keynes (or Economics) to tell whether I am a Keynesian. But I certainly do not "hate people saving their money", quite the opposite: I wish people (and my compatriots especially) would consume less and invest more. But I would like to see them choose productive investments; and hoarding currency (or gold) is not productive.

Hoarding currency is bad for the individual, because all currency will lose value eventually. (As you well know, I am sure that will happen to bitcoin, too, even if there may be another bubble or two.) Hoarding currency is also bad for society because it harms the currency, by destabilizing its value.

You are talking out of both sides of your ass, here. First you assert that bitcoin is problematically flawed because it does NOT lose value like other currencies and that it needs to have inflation of currency built into it, then you say that bitcoin is like all other currencies...

WTF? can you be a little less self-contradictory in your ridiculous assertions in order to really pinpoint some kind of meaningful issue rather than just making things up.. Huh

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Quote from: JorgeStolfi on September 13, 2015, 08:05:44 PM

Let me reming people that this discussion started when someone asked for my idea of a good cryptocurrency. Well, among other things, a good cryptocurrency should be designed so that no one will be tempted to hoard it.

potential hoarding is a feature and not a bug.

If bitcoin were the only currency or storage of value, and if someone wants to eat, i'm sure that that person would give up a little bitcoin to buy some food, no? or will they starve themselves to death because they believe that BTC is too valuable? Roll Eyes