Post
Topic
Board Altcoin Discussion
Re: Altcoin - the alternative cryptocurrency?
by
finnthecelt
on 16/08/2011, 16:08:44 UTC
There is no point in a constant and 100% predictable inflation. Every hour (or even second) the price of goods and services will have to be changed accordingly! Is that what you want? A madhouse?

There will always be inflation or deflation with bitcoins too. And the inflation being slightly predictable helps a lot.

this will encourage people to spend their coins rather than holding them back
Complete nonsense. This will encourage people to spend their coins for real money like gold and silver. Because real money doesn't inflate!

That's what people are doing with fiat currencies too. I don't oppose people who are spending their coins for gold and silver, but those aren't that widely accepted, be it b&m store or an online shop.
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So if people are doing the same thing with fiat currency why would you create the digital representation of the same ill begotten problem that is now the scourge of humanity?

Purge your mind of this madness. I don't agree with your methods and am suspicious of your motivations.

What is your main concern now? The early adopters holding so much BTC?