Quote from: zimmah on January 14, 2014, 05:01:26 PM

Quote from: Coin_Master on January 14, 2014, 01:41:16 PM

Quote from: Piper67 on January 12, 2014, 06:15:03 PM

Quote from: bitbrasil on January 11, 2014, 12:14:16 PM

Quote from: minerva on January 11, 2014, 12:06:04 PM

http://edition.cnn.com/2009/WORLD/africa/02/02/zimbabwe.dollars/
"Zimbabwe removes 12 zeros from currency"
Will Bitcoin have the same problem?

NO it's the opposite problem for Bitcoin. Bitcoin is deflating not inflating.

It is the opposite, but Bitcoin is not deflating, it's inflating (at a minimum at a rate of 3600 bitcoins per day). Eventually it might become inflationary-neutral, but for now it's an inflationary currency... which means any day the price of BTC isn't going down, is a day in which BTC value is going up.

Deflation is about value not supply. The number of Bitcoins is completely irreverent.
Here is a quote from wikipedia "deflation increases the real value of money"
http://en.wikipedia.org/wiki/Deflation
Time and time again we see Bitcoiners talking about economics like they are qualified and have a degree.

Perhaps an example will help you understand:
In Janurary 2013 a loaf of bread cost 1 USD
100 USD would buy you 100 loaves of bread
1 Bitcoin would buy you 13 loaves of bread

In Janurary 2014 a loaf of bread now costs 2 USD
100 USD will buy you 50 loaves of bread (you get less for your money - inflation)
1 Bitcoin will buy you 500 loaves of bread (you get more for you Bitcoin - deflation)

Hope this helps.

And yet people keep using fiat.

Out of convience and habit only. When I can actually buy a loaf of bread with bitcoin at the grocery store, without a series of inconvient additional steps, it will be used muchmore often.