Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Erdogan
on 16/11/2014, 15:03:02 UTC
...
Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin's doing just fine on that front lately, regardless of design Smiley

Quote
...Holding today means speculation that a large number of people will discover the same thing. I think they will, and one of the reasons it goes slowly is the vast amount of nonunderstanding of the value of money problem among people who have understanding money as their job.

The professionals and academics nonunderstand money, but you, Erdogan, veryunderstand it goodly.
...or might you be unsane?

Perfect description, i veriunderstand goodly. Read the so called experts, they are full of stupid consensus related nonsense, and full of contradictions.

By the way, the 2 percent price inflation is not really 2 percent forever, it takes only a change of mind of a few persons at a central bank to change it to 10 or whatever. Argentina has a goal of 20. Central banks change goalposts frequently, in fact, they change the goalposts at every fucking meeting. And the money volume inflation is closer to 10 percent in the main currencies, for currencies that are completely implemented.

Edit: This is not the place to flash names of famous people, only arguments are good.