Quote from: Skrivitor on March 27, 2012, 04:42:12 AM

I think you guys are trying to apply real world economic concepts to a completely virtual structure. Bitcoins have zero value beyond the BTC Network.

Most modern currencies have zero value unless someone accepts them or backs them up. That's one of the reasons some people wish for a gold standard again, but really a currency gets their value by acceptance and the economy that it supports (which is still growing in case of bitcoin).

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BTC are divisible to 8 powers of ten. That is the smallest fraction of a BTC would be 0.00000001. Maybe this will be called fractional currency expansion?

And the dollar has a fraction of 0.01, many internal accounting systems have many more digits after the coma, where's your point?
If your point is, that BTC is supposed to increase in value to the point (in a distant future) where we will be paying with mBTC or uBTC, there's a term for that, it's called deflation. So what was your point again?

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Mining with FPGAs will allow people to have an interest paying bank in their back pocket for information purchases.

Ahhhh, so? Let's recall the title of the thread: "Hyperdeflation, own half the world by headstart - don't you care at all?"

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It is important to remember that our current interest rates are practically below inflation, which in China is diluting their currency against their infrastructure. Isn't the only way out to stop participating?

Yes, I would think that most of us realized that interest rates are not just 'practically below inflation', they are definitively below inflation right now. The fed thinks we should spend more to boost economy...
After commenting on you stating the very obvious, now to something different (I'm not quite sure how you made this turn): You may have noticed that with China holding a serious amount of US debt (and of other countries; many politicians are pounding on that right now) and given a globalized economy, how do you envision your way out to stop participating? And would you care to elaborate on how exactly this directly relates to the topic at hand?