Quote from: Cconvert2G36 on September 13, 2015, 09:17:58 PM

Quote from: Ibian on September 13, 2015, 08:42:36 PM

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

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.

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.

Screw you bitch. Having enough savings that I don't have to work for the rest of my life gives me options and freedom that most people can't even dream of. Spending most of your life working for others merely for food and a shelter is the life of a slave.

It's really annoying to see people freak out about Stolfi. He's pretty straightforward about why he's here: Bitcoin is a fucking interesting experiment, in computer science, cryptography, economics, psychology, politics...

You can vehemently disagree with someone without throwing little tantrums about it. (Which btw... makes him seem like the reasonable and thoughtful side of the debate to curious spectators.)

As to his "ideal coin" it would be nice if it was coded up and competing in the marketplace. The fixed emission schedule is so important and central to satoshi's code. I highly doubt it was an afterthought or mistake. I think it was intended as a bootstrapping method... encouraging adoption and attracting value while starting out. Hopefully the last 18 months have demonstrated that btc hoarding is not the easy way to realize massive gains. It also demonstrates that people should invest their savings through the careful consideration of the opportunity cost of not investing in other things.

The genesis block gives a clue that Bitcoin is more than just a fancy way to move Keynesian directed fiat around the internet. It is the Austrian School's view towards an ideal currency coded together and launched. Success is by no means guaranteed, but it should be quite interesting to see how it all plays out.

Give me Stolfi posts any day in lieu of "when is we arising?" "see you on the Moon!" posts. I disagree with him on many things, agree on some... One thing should be clear by now, an echochamber of agreement and back patting is dangerous and annoying.

Curious spectators who can't see through polite-trolling are worthless anyway. The guy is here to argue, not to debate. He is not being honest.