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Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
huhai0978
on 04/07/2013, 19:44:42 UTC

4) Satoshi is great. He solved one important technical problem. But, trust me, he doesn't know how money works. Why should we encourage hoarding? Why should we punish those who is spending? We, as bitcoiners, would someday come to a conclusion that let the total number of bitcoins increases 3% every year and make the mining a sustainable career.

Because BTC is opposite to FIAT money and that's exactly what FIAT is NOT doing - it's punishing hoarding and rewarding spending. Satoshi wanted something different.
FIAT means inflation. And inflation is not that bad. Inflation is compensated  by interest. Have you ever thought where the interest come from? What we want is not deflation, what we want is freedom.


Interest is reward for lending money. That works even in BTC world, just look at loan section of this forum. It has nothing to do with inflation. If anything, it's other way around.

Look at those guys in the loan section of this forum. They are going to bankrupt. Lending an deflation money is a Ponzi scheme!!!