Post
Topic
Board Economics
Re: Bitcoin major fail - doesn't allow credit creation (aka deflationary currency)
by
myrkul
on 05/11/2012, 22:50:28 UTC
Oh look, another thread where we can discuss bitcoin's fatal flaw:
I can't counterfeit it.

Please contribute with something or post your wise a$$ comments elsewhere. Nobody likes a troll.

He's got a point.

Look, "credit" is just someone else's saved money. If you want capital creation out of thin air, then that is counterfeiting. If you just want credit, that's not a problem. There are already Bitcoin banks which give credit. I'm an investor in one. My BTC is out there, making people money. Until GLBSE shut down, it was making me money at the same time.