Post
Topic
Board Altcoin Discussion
Re: Altcoin - the alternative cryptocurrency?
by
finnthecelt
on 02/09/2011, 16:33:47 UTC
"-> I personally think that inflation > deflation."

You must either be a neocon or a democrat.  Inflation is never good if you use the coins and don't have any loans outstanding.  If your a miner inflation is good because you get to steal off the workers and businesses.  If you are a government inflation can be good because it is a hidden tax.

On the other hand deflation is never good for anyone because saving is heavily encouraged so the economy stagnates.

Yes, saving is terrible for the economy. Damn the individual! Long live the economy! (Whatever that is). (sarcasm off).

Economies expand and contract. I.e., they inflate and deflate just as we inhale and exhale. Some may like it if the sun never set but would not the crops all burn up?

No deflation in an economy is simply unnatural and should not be avoided. Individuals need to learn this and ignore politicians and bankstas who say they can mediate this process.  But of course that would require people to grow up.