Quote from: _wayfarer_ on May 31, 2014, 03:52:50 PM

Quote from: bryant.coleman on May 31, 2014, 03:32:38 PM

Quote from: _wayfarer_ on May 31, 2014, 03:15:54 PM

Haha, maybe in the future, but have you looked at a chart for bitcoin lately?

I was talking about inflation and the devaluation of currency. And Bitcoin is not affected by inflation. If we check the Bitcoin charts, all that we will get to see is deflation, instead of inflation.

Yeah, I was talking more about the general volatility. However I would completely disagree that BTC is not affected by inflation. Any time your buying power decreases, you have inflation. Can any of us say that has never happened to our personal buying power? Of course, over the long-term BTC does deflate.

Bitcoin adoption is a matter of speculation (and thus so is it's price inflation), however it's monetary inflation is not (roughly around 10% at the moment, but will only get better, getting close to 0%). On the other hand, continuous monetary inflation of fiat currencies (and especially in situations like Argentina) is a given.
You make your own conclusions on what people will eventually choose, and what that will mean for price levels ....