Quote from: Dai on March 22, 2011, 09:25:42 PM

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Let's be optimistic and suppose that Bitcoin does take off in a big way and goes mainstream to the point of becoming a significant actor in the world economy

Forget everything you have read about bitcoin. If the above were to happen every manufactured item and every service would be worth less as time went by. Lets use a farmer as an example he buys all his seeds and plants them now it costs x mount because, the currency has to cover more and more goods and services by the time the farmer reaps his harvest and sells it. The selling price does not cover what he paid for the seeds and stuff in the first place . Classic deflation. Like I said you can not use a finite resource in an exponential system to two are at odds with each other.

LOL What a bunch of horseshit. Sorry but it really is.

The farmer doesn't need to get nominally more money back with the harvest compared to how much he needed to plant the seends... I mean wtf, do we have money for the sake of having money or do we have money because it's a means to an end?

If the farmer receives less money back but the currency appreciated in the meantime, he will still be able to afford more goods and services and have a profit in real terms then he could have afforded before he bought those seeds.

Please stop making statements about stuff you didn't properly research yourself and you know no facts about.

EDIT: And judging from the rest of your posts I can see where the problem lies and it's the fact, yes fact, that you're clueless about what deflation or inflation really is. I suggest you read: http://forum.bitcoin.org/index.php?topic=10426.0