Quote from: Abandon on June 17, 2013, 10:26:39 PM

The 21 million cap is a major selling point, but not one I particularly agree with. There's such a thing as too much deflation, which can cause hyper mania and crashes several times a year. Hopefully it doesn't get that volatile, and there is something to stabilize it by then. Then again, if the hoarding/saving rate stays roughly the same, there's not much to worry about.

this is pure and utter nonsense promoted by msm fairytale balloon money advocates. history has no examples of hyperdeflationary collapses but plenty of inflationary ones. You need to understand that deflation is a normal part of a healthy economic cycle that self corrects regularly its own excesses. Read Minsky prolonged stability is the worst thing possible for an economy and just stores up for massive hyper destructive deflation event It creates a delusion of stability that allows bad debt on top of bad debt and bad investment on top of bad investment to the point we are now floating in a sea of fairytale trillions in debt that must be unwound. This property of gold is what satoshi knew he had to copy to ensure longevity as store of value. If you still dont understand this ... what happens in the next few years will leave it imprinted on your mind as this current system collapses...

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