Quote from: Galuel on August 15, 2010, 02:55:43 PM

Quote from: bytemaster on August 15, 2010, 02:41:43 PM

No one just "gets money" unless that creator of that "money" decides to give them some.

So DON'T create money please. Because this is a ponzi scheme.

All money is "created" and is not a ponzi scheme unless you introduce fractional reserve banking or create it as an interest bearing debt.

Gold coins were minted to make them suitable as "money". Bit coins are calculated, encrypted, and tracked to make them suitable for money. Money is not a thing, it is an attribute of a commodity that has universal demand. Cigarettes act as money in prison. There is nothing wrong with creating more cigarettes or more gold coins. The thing that makes gold, or bitcoins, or silver suitable for money is that it is DIFFICULT to create the money and the creation process is not POLITICAL.