Quote from: relative on June 20, 2011, 06:45:02 PM

the mistake I made here apparently was trying to actually discuss the idea instead of the usual "go f... yourself and your idea" answer you get on this board.

No... the mistake that you have made is not doing any research before your posted... Not searching the forum for the 1000 other threads that is topic has already been debated to death with.

Everyday... we get the same people declaring the same 'arguments' and the same 'solutions' to the said problems of the deflationary spiral... lack of demurrage, hoarding, no inflation. These come from a key lack of understanding about the natural differences between debt based money or asset based.

Both viewpoints are covered in the wiki article:
https://en.bitcoin.it/wiki/Deflationary_spiral

However, I always believe that a non-deflationary currency will always be at an economic disadvantage to the deflationary one. As the deflationary currency will be more attractive. Upon market saturation... the change of the fixed amount currencies value will be in DIRECT RELATIONSHIP with the change of the total economy size... This is extremely healthy, as only very profitable ventures will get money.

Inflation based currencies (esp debt based ones), create an artificial demand for growth. Causing most of the world's problems... unsustainable growth is unsustainable. Only linear growth can be sustainable. Exponential growth, will always end in disaster.