Savers? tell that to the Cypriots....
Are you implying if I suggest it's not OK to rob savers by inflating a currency that it's OK to directly rob from their bank accounts? If not, I don't get what you're saying? As Rassah is pointing out there are actually more options than those you are putting forward.
I am refering to that the "stiking plaster" of inflation would hurt savers, and that the rapid deflation of Cypriot economy *saved* them
Besides It's not only Greece, Spain, Portugal, Italy they feel the burn too and soon the north, Greece was just the canary in the mines,
That I am aware of. Around London over the holidays I noticed how 20 years ago bar and serving staff were Australian, then South African. Ten years ago more eastern European. Now Italian and Spanish. It is terrible the young people there have so few options other than to leave if they wish to work. As for the root causes we'll have to disagree.
well until we get to the root north taxpayers will bailout northern banks both blaming the south for being greedy
But at least with Euro there is a slight possibility for policy change cause despite all there is room for discussions and maneuvres. In bitcoin it can be worse because a critical parameter is hardcoded with no hope of change, a single person no matter how smart made a decission for millions...
Right. And what ires you is what attracts others to Bitcoin. It being hard wired from day 1 means everybody knows what the score is. The 'disadvantage' is it offers no flexibility irrespective of economic circumstances. The advantage is it can not be dabbled with supposedly 'for the good of the economy/people' usually at everybody's expense. You don't like it? Don't use it. Support an alt or a fork. I kinda like it and look forward to seeing the outcome
it ain't over till the fat lady sings. Would you really buy a car without steering wheel cause some guy sold you that the road is straight, and that way none can change direction at the expense of another?
But I seriously doubt that I will have the option off due to Network effect.
And I ask you that, would you do it? would you made *any* decision that could affect millions based only in your judgement?
I have no idea. Unlike politicians and central bankers I would hate to be in the position to have to make those decisions. Fortunately with Bitcoin neither I nor anyone else needs to make those decisions any more. We all know the score from day one and can plan accordingly.
well satoshi did.