Quote from: bobitza on November 01, 2012, 11:17:14 PM

So how can Bitcoin have a future if it is a deflationary currency with a set in stone number of coins?

The idea that currencies have to be inflationary in nature to succeed is false. Inflation robs purchasing power from savers and transfers the wealth to those given the power to create money. A tool i consider to be unjust and immoral. The world has used gold as money for thousands of years because its purchasing power cannot be inflated away by governments and banks. Gold is mined at roughly the same pace as the increase in world population. Bitcoin does one better, after the cap is reached, holders on bitcoins would see an increase in purchasing power due to their increasing scarcity.

my 2 bitcents

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