Quote from: fastandfurious on September 09, 2011, 02:13:00 PM

Quote from: niko on September 09, 2011, 02:03:51 PM

Quote from: fastandfurious on September 09, 2011, 09:03:20 AM

(...) The hole problem is that Bitcoin is inflating at a very high rate, the miners have to much power over the price of Bitcoin, the only way to stop that is to do what they are doing to the Bitcoin Economy. Stop them from making easy money. I have said this from the very beginning, look at my old posts, maybe someone understands this...

Speculation is easier and more profitable than mining. And speculators have too much power over the price of Bitcoin, not miners. Hence the concept of "moving the market." As for inflation, it is the way it is, and it is so by design. Everyone knows it, there is nothing unexpected about it, so it can't really be a problem - it's simply the reality.

Many people know about it, but far from all of them really understands it. The concept of a high inflation environment is hard to grasp.

Alright, we all need to do a better job understanding Bitcoin inflation, and educating others about it. This would prevent lots of misunderstandings that are costly to those who misunderstand it.