Post
Topic
Board Economics
Re: The deflationary problem
by
Sweft
on 03/05/2013, 04:38:44 UTC
Sweft:  I think you over estimate the depth of thought of your opposition

If anything, he under estimates it.  For the most part, his opposition isn't interested in convincing him of anythin, most who post here are just trolling him.  In the long run, not only are we all dead, our grandchildren will receive the benefits of our foresights.  If Sweft is correct, and he actually does something about it beyond arguing about it with people on the Internet, then his grandchildren will benefit and they will be thankful for it.  If we are correct, our grandchildren will be thankful.  In the near term; however, there is no point in us arguing about it, since Bitcoin is presently, and will continue to be for long after my natural life span, a rather inflationary currency.  
There's no reason you cannot become rich, since you can also mine stablecoins.  The only thing i'm trying to create is an economic algorithm that has the fewest number of flaws.