Post
Topic
Board Economics
Re: We need to break the loop FIAT->BTC->FIAT
by
Spendulus
on 21/04/2013, 16:19:48 UTC
....me just trying to figure out how to stabilize bitcoin so that it can be used as described, It obviously was supposed to spread the wealth among the population, with greater and greater automation occuring the wealth of the world is being concentrated into the hands of the few causing massive inflation and instability in the economic system., the p2p Bitcoin system was supposed to counter that. ....
Man, that crazy talk.  But I'll play.

Please support the claim with direct quotes from the source.

The proof-of-work(facts) also solves the problem...

What your lengthy reply was was an iteration of the general theory of and use of bitcoin.   What it was not was support for your person opinions which I commented on and which I repeat in part.

It obviously was supposed to spread the wealth among the population, with greater and greater automation occuring the wealth of the world is being concentrated into the hands of the few causing massive inflation and instability in the economic system., the p2p Bitcoin system was supposed to counter that. ....

By the way, I'm NOT criticizing your opinions.  I'm just saying they don't follow logically from the bitcoin model.  Neither do we have direct evidence to support your views.  Such as "Nakamoto SAID..."

No, he didn't say.

No, it does not follow.