Quote from: leen93 on November 27, 2014, 06:50:15 PM

Quote from: shawshankinmate37927 on November 09, 2014, 04:07:41 AM

Quote from: worle1bm on November 09, 2014, 03:37:46 AM

Quote from: shawshankinmate37927 on November 09, 2014, 03:12:16 AM

Nope, it's the corrupt politicians and bankers. It's the monopoly on the ability to create money that is the problem, not capitalism.

It's this kind of useless logic that works against progress, not for it.

Progress will only occur when people choose to opt out of the current fiat, debt-based monetary system. Anyone trying to improve society within the current monetary system is just spinning their wheels.

I am sure a deflationary currency (like bitcoin) is the worst for society in general, it's just a brake on economic growth. But happily we don't need to wory about that, your dreams will never come true Cheesy

I have some bitcoins (because I want to earn some money) but it would be disastrous to society if it would be the main global currency, surpassing the market cap of the dollar... But I'm sure that will never happen and we will not even get close to that =)

I agree BTC will be very rough for society, but I do not see why BTC should not go forward.

BTC, like capitalism, will not be good for people, but for market. And capitalism is the philosophy or system that won in the competition. And pure rough unhuman capitalism needs currency like bitcoin, where nobody can regulate it.

BTC as deflationary currency is overreacted. "Debt derived" money that will be based on Bitcoin monetary base can well be inflationary (as we can see deflation with pure fiat money).