Quote from: abdada on June 16, 2013, 02:20:38 PM

The OP has no understanding of basic economics.

The value of any currency isn't "set" except by supply and demand.

100 years ago, you could buy a candy bar for $0.01. Today that same candy bar is $1.00. We didn't NEED to make the price more expensive, and it isn't more expensive at all, because the value of the US dollar has fallen 99x in 100 years. So today's $1.00 is EQUAL to $0.01 from 100 years ago.

But if I have a penny from 10 years ago it isn't worth squat today, worth less than when it fell out of my pocket and rolled under the dresser. However if I have a bitcoin from 5 years ago it is worth a lot more. I like deflationary currency Cheesy