Quote from: Flor1982 on April 21, 2018, 10:50:53 AM

Quote from: davis196 on November 09, 2017, 12:36:26 PM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Count me in as part of those 99% because I strongly believed also that fiat currency is better than Crypto currencies specially Bitcoin currency in talking of spending. This is due to fiat currency is the most conveniently way to use for our everyday spending unlike Bitcoin in which we need the power on internet in every transaction and also we need to wait blockchain confirmation before the successful spending. This is very far away much inconvenient than fiat paper users in which even children can use the paper money instantly.

Not to mention that deflationary currencies have been tried and abandoned because they're a harbinger of death for an economy. We've had a deflationary currency before and it wasn't particularly good for the economy (see the Gold Standard and the reasons it was abandoned). Among the worst attributes of a deflationary currency is that they disincentivize economic activity because people either can (or believe they can) become richer by holding money. Less economic activity makes the economy weaker and the participants poorer, thus negating any value the currency would gain by being deflationary. A currency only gains value when the goods and services an economy creates grows faster than the money supply, so a non-growing economy because everyone is saving makes everyone poorer.