Quote from: clouds on June 30, 2011, 01:52:13 AM

Quote from: Capitan on June 30, 2011, 01:28:10 AM

Quote from: clouds on June 29, 2011, 08:07:38 PM

Quote from: tomcollins on June 29, 2011, 08:00:33 PM

At a bank you get your deposit back.

If you store USD in a bank account your returned deposit will have less purchasing power than your initial deposit thanks to inflation. If you get less purchasing power back from your bank, I don't think that really counts as getting your deposit back.

I think it does count as getting your deposit back. Any time you put in a deposit and get it back it has most likely lost value due to deflation. You're pointing out the obvious.

I don't think you know what deflation means. The USD deposit will have lost value (purchasing power) due to USD inflation, an increase in the USD money supply. This is one of the problems that Bitcoin has the potential to fix.

My bad. I do know what deflation means. That was a typo. I am sometimes dyslexic like that, embarrassing myself by typing out either an antonym or homonym of the word I am thinking of.