Quote from: franky1 on March 03, 2017, 04:09:07 PM

Quote from: traincarswreck on March 03, 2017, 04:02:23 PM

bitcoin's price and value will die off if the user experience is such that the rising fees cause them to flee. Therefore, the argument goes, we must scale bitcoin to support a higher tp/s. This will keep the price and value going up.

Is this not an admission of inflation control?

no
inflation control is about adding more coins endlessly with no cap.. and LIMITING utility while producing endless coins.
bitcoin is deflationary over time so EXPANDING or limiting utility over time is deflationary control.

what i was saying was the expanding or limiting of utility. is the control..
then because we are talking about bitcoin=deflation. its about control of deflation..

Quote from: traincarswreck on March 05, 2017, 07:06:59 PM

Quote

a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

look at the commodities market.

you will see a coffee BEAN on the market. but you wont see the manufactured ground coffee end product sold in walmart on a commodity market.
you will see a pure gold on the market. but you wont see grannies necklace on a commodities market

grannies necklace asset value(price, desire, utility) is not going to be the same as the commodity value(PRICE)