Quote from: bansal on August 31, 2011, 04:59:18 PM

Quote from: JohnDoe on August 31, 2011, 04:22:33 PM

I believe both Bitcoin and its clones will fail to reach mainstream acceptance because they have a serious economic flaw, which is that deflation severely hurts investment and borrowing. I think a deflationary currency with demurrage will have better luck at stimulating economic growth.

There is no such thing as a deflationary crypto-currency, anyone can create more of them. I don't see people going for a currency with demurrage realistically, I can see the deer in the headlights look already trying to explain that to the average person.

Creating clones of a currency doesn't make the original non-deflationary as they are not part of the same network.

The effect of demurrage on people's purchasing power is basically the same as inflation so I don't see why they wouldn't be able to accept it. Currencies with demurrage have already been successfully introduced by the way.