Quote from: cunicula on July 19, 2011, 06:37:28 AM

Thus, extremely rapid price inflation is a serious risk to anyone accepting payment in bitcoin.

More so it's the risk of anyone holding significant shares of their assets or get their earnings in Bitcoin. They have to eat at some point, the eventual deflation later on doesnt help.

Quote from: John Smith on July 19, 2011, 06:42:38 AM

I know. But isn't the reason for the rapid price inflation that there's simply a lot of coins are being produced right now? Inflation is like 40% per year. This will eventually change, of course, as the 50 coins per 10 minutes become a smaller and smaller part of the total pool (and when the mining payouts get reduced to 25 coins).

Why is it so hard to get, that prices are not just a function of the existing money and even if they would, Bitcoin won't be the only currency on this planet.