Post
Topic
Board Bitcoin Discussion
Re: There might be another virtual currency following BTC
by
kloinko1n
on 01/07/2011, 07:59:35 UTC
Great but dollars aren't printed by the people. Bitcoins are . My only problem with Bitcoin is that they are limited to 21 mil . Other then that Bitcoins are a revolution in money , fast and almost anonymous  transactions over the hole world with really small fees isn't possible with dollars or any other currency . So bitcoins are better than USD . To me bitcoin is too similar to gold witch I can't understand why it was valuable in the first place apart from it's property of being easy to store because it didn't degrade but bitcoin has some advantages over gold , easy divisible , everyone can mine it for now , will be harder in the future but still possible , easy transferable , maybe others.

Now i would like a currency that looses some value over time to make wealth holders spend it on things that get profit and not sit on them. I Think currency shouldn't be a wealth storing medium.
You got a strong point here. One of the reasons of the succes of the Wörgl Experiment is that the currency was losing its value (got taxed) if one didn't spend it.