Quote from: Rassah on November 13, 2013, 09:37:31 PM

Quote from: AnonyMint on November 13, 2013, 06:49:13 PM

You better learn what deflation really is.

Jabs aside, your post starts off with this:

Quote from: AnonyMint on November 13, 2013, 06:11:14 PM

The basic point is that capital sitting in a hole FOREVER is theft from production and new knowledge creation. Savings and delayed gratification are important, but they are not so important that capital should grow in value FOREVER for doing nothing but sit in a hole.

There is a very subtle but extremely important question here that you may be missing, which I think deserves it's own post, and that is:
Does capital chase production and new knowledge creation? Or does production and new knowledge chase capital? Depending on how that question is answered may make the rest of your post completely irrelevant.

I had written extensively on this issue in the past:

http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html#Financeability_of_Knowledge

(above article was also published by gold-eagle.com, financialsense.com, etc)

http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

http://www.coolpage.com/commentary/economic/shelby/Housing%20Recovery%20Illusion.html

But I can now explain it more succinctly than my previous attempts. Smaller things grow faster, because only the person close to the opportunity can best leverage it. Capital is large, pooled, monolithic, and thus dumb.

Try to go to a bank and tell ask them to finance your altcoin R&D. I'd waste months trying to get financing that I could instead be using to actually code and release one.

Sorry I created CoolPage.com in a Nipa Hut in the Philippines. I was the programmer of it all, the janitor, the marketer, the artist, everything. And it reached a million users by 2001, well ahead of friendster. In fact, they came to me and bought a 7 figure non-exclusive license via Homepage.com.

Don't tell me knowledge chases capital. Not in this software age.

You should also study the 160 IQ genius Eric S Raymond and his economic writings on open source and knowledge creation:

http://www.catb.org/esr/writings/magic-cauldron/magic-cauldron-5.html

The Industial Age is dying (or dead). Capital is dying (or dead). We are in the knowledge age, and you can't buy my knowledge for less than $100 billion (which you soon will although I have no clue what I could do good with that much money).