Quote from: !amDOGE/5/M on June 11, 2014, 06:42:09 PM

Quote from: chrisbeaver71 on June 11, 2014, 06:34:21 PM

Quote from: !amDOGE/5/M on June 11, 2014, 06:22:13 PM

Quote from: chrisbeaver71 on June 11, 2014, 06:17:23 PM

PND is interminably inflationary with 2.5 percent interest.

Honest question.

PND is infinitely divisible, why do we need inflation?

Would you continue leaving your wallet open / try helping to secure the network if it weren't for the interest you're getting?

"PND is infinitely divisible"

I'm not sure how this relates to anything.

I would leave my wallet open to collect transaction fees.

["PND is infinitely divisible" I'm not sure how this relates to anything.]

Then you didn't give my comment much thought.

If something is infinitely divisible, why do you need to create more of it?

"I would leave my wallet open to collect transaction fees."

What if there are other people that do not think as far? Less people making transactions means less transaction fees as well.

There's a reason why regular banks give you interest on the money you have laying there.

"If something is infinitely divisible"

So we would end up like 365coin or 42? No thank you.

Would you prefer paying 100 coins for a soda or 0.0000000000000001021? The smallest unit is still considered the satoshi anyway.

For what it's worth, a reason I dislike BTC is the stupid nano/micro whatever that means... can't figure out how many 0 or decimals places those are referring to. STUPID.

I rather work with whole numbers than 0.000000000000000000001 or 1 micromicromicrotoshi - whatever BTC people decide to call it - hope that day never comes, BTC is over priced for its worth.