Quote from: Mervyn_Pumpkinhead on March 03, 2016, 04:07:46 PM

Quote from: BitconAssociation on March 03, 2016, 03:59:31 PM

Quote from: jbreher on March 03, 2016, 03:41:04 PM

<> If Bitcoin loses the property of being The One True Crypto Money, it is just one other in a sea of competing currencies. A sea of competing currencies, with new ones created at will, can not ever be non-inflationary. <>

So The Dream is to have One Money to Rule Them All?
And this obsession with "inflationary." So hard for me to understand.
If 1 BTC buys me 1 Cow today, 2 Cows a year from now, and 4 Cows the year after that, I don't care about base money inflation.
If, OTOH, 1 BTC buys me 2 Cows today & only 1 Cow tomorrow, I also don't care if the sum total of biitcoins has halved.
Do you?

It's the wet dream for many that buying bitcoin will finally make them rich, without the necessary work and skill that is regularly needed to earn riches.
There are those who are attracted to the technical innovation part, and there are those who are attracted to the easy riches part. The last type is especially excited about the "inflationary" part.

I'm just wondering if people fail to imagine scenarios in which
1. base money doubles; simultaneously, the number of Cows quadruples.
2. Base money halves; simultaneously, there are no Cows left to buy because all ded;
no one fed them because more profitable to stick deflationary money in mattress than to feed filthy Cows.