Re: You guys don't get it - Bitcoin will act like a Ponzi scheme until Dec 2012
high inflation? 25% APR is tiny considering how new bitcoin is. Most disruptive technologies fail. But the ones that don't fail, usually grow a lot faster than 25% APR in the first few years.
This answers the thread and should have ended it.
Bitcoin today is not that tiny. The total market cap of Bitcoin is around 24 million dollars at this exchange rate.
lol
A market of 24M USD. Now, do you want a comparison with USD M1 supply, which is above 900 000 000 000 USD and inflating? But why compare with M1, Bitcoin may be as suitable for fractional reserve banking! Good luck with another order of magnitude when you compare to M2. Don't like USD, want me to start Gold comparisons, or any other target market Bitcoin is aiming for?Estimate of world gold value: $8,338,701,310,883. Gold. Gold! Come on, the stuff is only ever useful as a coating or to look lol-shiny.
What definition of "tiny" do you use? Bitcoin is currently ridiculously small. If it grows, that growth exceeds inflation in no time.