Quote from: evoorhees on September 27, 2011, 08:16:02 PM

::sigh::

When price is rising, people complain about "deflationary spirals" and the failure of Bitcoin to not match up with demand.

When price is falling, people complain about inflation and the failure of Bitcoin to not match up with demand.

Are we so enmeshed in a centrally-planned, price-controlled economy that the first sign of true free-market price discovery simply scares us to death?

Bitcoin is/will be the most volatile asset the world has ever seen. Set your expectations accordingly. Relax.

That point is right evoorhees ... I know that... I think most of us know this.. (hopefully) ... but I had to make the point that we're doing things so weird (printing when value is decreasing) that it's never going to be a currency... it's going to widely rocket back and fourth like a commodity... Bitcoins officially at this stage are not a currency... it's oil, or natural gas, gold or silver.. some currency aspects.. but it's not a currency..

Quote from: evoorhees on September 27, 2011, 08:16:02 PM

Thus, The Founder ought to stop preoccupying his concerns with the inflation rate...

It's hard to when demand is almost directly related to price... as it is a commodity.