Quote from: AnonyMint on November 29, 2013, 06:47:36 AM

Quote from: laowai80 on November 29, 2013, 06:44:37 AM

AnonyMint,

we debase decentrally, with alt-coins. Period

Agreed, I have noted that too in my writings.

Here is where I had written:

Quote from: AnonyMint on November 28, 2013, 02:18:35 AM

Thus the value (note I didn't say price, as the price can go as high as the participants want to pay) you propose can't be reached before a massive redistribution event, and such event can't occur via market price transfer. There simply is no other way to get from here to there without a change to the Bitcoin protocol, government intervention, or a proliferation of altcoins (note Litecoin is now $36). See the first link below.

Quote from: AnonyMint on November 28, 2013, 01:59:21 AM

Bitcoin can't do this, because there isn't any trend to spending which doesn't bankrupt the middle class. Thus the only way for Bitcoiners to exit is via "rake", i.e. not spending (nor investing as BTC) rather converting back to fiat.