Quote from: ewhenn on February 16, 2014, 03:17:34 PM

Quote from: matthona on February 16, 2014, 02:06:56 PM

Quote from: ewhenn on February 16, 2014, 04:04:05 AM

Quote from: bitbets on February 16, 2014, 03:48:04 AM

The dogcoin brainwashed persons are quite delusional

Bitcoin never needed any dogcoin to do anything for bitcoin

its a delusion to think that dogecoin is needed at all for anything, by anyone

To be fair, it's just as delusional to think that Bitcoin is the way of the future. What 21 million coins in a world with 7 billion people? That's not even including coins that have been "lost" or will be lost. Not even accounting for lost coins that's 0.003 BTC per person.

Also if it's main goal is to be a currency it fucking fails at it since it's deflationary. If I knew that a dollar would be worth more tomorrow than today, what incentive would I have to ever spend it?

the price of computers and TVs drop consistently .. but yet people buy them quite often.. so much for your theory

WTF does that have to do with a currency that has a fixed limit (21 million BTC)?

For one the source of computers/TVs isn't artificially limited at some number. If people want more, they get built. Second, I wasn't aware that computers/TVs are a currency. Tell me, how many computers does a pack of gum cost in your neighborhood?

ok, let me connect the dots for you .... the PRICE of TVs and computers is in DOLLAR terms here (and in a similar currency wherever you may be) so if the PRICE is consistently dropping that means if i wait then i can BUY MORE LATER (a bigger and better TV/computer) -- having the same effect as a deflationary currency... meaning that the currency will BUY MORE later, exactly the scenario your quote depicts
"If I knew that a dollar would be worth more tomorrow than today, what incentive would I have to ever spend it?"
and people buy TVs and computers ALL THE TIME, knowing that if they would wait that they could buy a better one for less money -- so to answer your question... because they WANT to spend the money now instead of waiting