Quote from: schizoid on February 18, 2014, 07:35:51 AM

I was actually assuming an expansion rate of 0%. If the BTC supply is fixed, its value will be determined by the size of the economy. If the economy grows (more goods and services per BTC), BTC will rise. If the economy shrinks (fewer goods and services per BTC), BTC will fall.

The rapid rise we've seen so far has been due to the rapid growth of the bitcoin economy, but that won't go on forever.

I think part of my point is that if BTC is so valuable as compared with other asset classes, then it holds its value better than other asset classes, then people will flock to BTC rather than currencies ... and then there is a snowball effect where the BTC is holding its value too well and more and more people are flocking to it b/c it is holding its value so well.

Quote from: kkaspar on February 18, 2014, 07:53:49 AM

I don't have hatred against poor people. I also believe that one can be better off without wealth but with a healthy spirit.
But I do dis-like poor people who blame their situation on others. People who say that rich people are to blame that they didn't decide to get good grades, that they didn't decide to go to college, that they didn't make the right career choices etc.

surely I also believe in personal responsibility.. but there are also social systems that screw certain people... NOT everyone has an equal chance, contrary to the lore.

Quote from: kkaspar on February 18, 2014, 07:53:49 AM

Bitcoin wouldn't change social dynamics, it would only make everyone poorer, both the rich and the poor. The ratio will be the same and there will still be rich people who have gotten rich by either work or by exploitation of others. Trade will just be more ineffective and people would be motivated to sit on their ass more. Not just blue-collared workers, but also the CEOs and managers.

NO HATING>>>>>> but You seem to be talking out of your ass to some extent about a prediction that everyone will be poorer.... You are trying to extrapolate some simple dynamics and paint a simple picture.... I just DONT buy it, but it does NOT seem to be worth arguing about.

Quote from: kkaspar on February 18, 2014, 07:53:49 AM

I think that an country could actually adopt bitcoin if it doesn't care about it's economic strength. There are also countries like that. Not a lot tho..
It would be absurd that major powers couldn't overcome bitcoin though. Take a team of good 100 python coders and give them a year and there would be a coin that would surpass bitcoin in every quality aspect. Right now only students and hobbyists are coding bitcoin source based altcoins, because the big boys are still planning their entrance strategy.

You are leaving a lot of holes in your scenario... but there is some truth to the fact that the big guns may have a lot of money to throw against bitcoin and to develop competition... so that will be interesting to see how that plays out... and how many people die because of this battle.

Your description of their planning their entrance strategy is a bit off base, though... b/c probably they are just a bit overwhelmed and confused and do NOT really know what to do about BTC.