Post
Topic
Board Economics
Re: Bitcoin. In no way deflationary.
by
MPOE-PR
on 05/05/2013, 01:03:22 UTC
Are you for real?  The average person does not digest that sort of thing.  An analogy should be a way of describing a complex manner in "lamens terms", not further complicating it.  

Yes I'm for real. Not my analogy, and not your place to say what it's for now is it? Not normally spelled "lamens" either.

I'm getting the feeling you didn't read the article, even though I surmise that you wrote it?

You surmise wrongly. That's unsurprising.

Quote
Let's make a simple mental experiment. We both sit down at a table in your favourite fast-food-joint-masquerading-as-an-eatery. I wouldn't eat there more than I'd eat at the gas station, but you're you. I place in front of you a complete menu of whatever they have on tap and a note, which says "Redeemable tomorrow for two complete menus". You get to pick one, and just one. Either the note or the "food". So what do you do ? Do you eat the shit or wait till tomorrow ? Depends on how hungry you are, right ?

Tomorrow comes, and here we are again : me stuck nine feet under the biofilm, disgustedly mingling with the lower classes and you in your natural element. I place in front of you two complete menus of their crap, and two notes. Each note says, "Redeemable tomorrow for two complete menus". Do you eat the shit or wait another day ?

One thing's for sure : you will not be waiting forever.

How is this not about "the question at hand"? Deflation does not prevent spending. Deflation simply prevents misallocation of resources.

I assure you that in your case my condescension is amply merited. You don't know how to spell "hoard" and "hoarding", for instance. This is not a mistake, this is illiteracy. This is not a problem limited to spelling either; your approach to this discussion comes from a rich vein of ignorance about words and their meanings, and from the clearly entrenched practice of "surmising" superficial relations that are about on the level of what a kid trying to guess the etymology of words might come up with.