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Originally Posted by klinton
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no i am living in the right century and believe me that i know what i am talkig about because this is part of my professional skills.
what are yours that you talk so professional as paul markham who wants to explain me how economy works every day ?
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Look what central banks do and how they "regulate" capitalist economies... The beauty of the Bitcoin is that you CAN'T have it more than 21 milion. thats the principle of it. So the supply = limited and stable.
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bullshit - why do you think the governments of this world did not simply forbid bitcoin yet?because they WANT this inflation it will cause.
how do you think a country like USA can ever pay the depts back if not by making 20 trillion a monthly tax income? they are interested a lot that money loses value because they can pay back their depts because the deptzs are in US dollar, YEN and ?uro and not in bitcoin.
i think you do not know much about economy as most of the bitcoin believers (except some big speculators. and in their hands is it WHEN it will crash.
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" assume that bitcoin will possible not be limited on 21 million anymore" - what you talking about ? thats the principle of Bitcoin - its just setup in the rules of it. like 2+2=4. you cant have more of it than 21 mln.
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you seem to be bad informed. it is nothing sure because the bitcoin community is already seperated in different directions. it is either not sure that bitcoin will be permanently limited nor if there will be a second bitcoin ("bitcoin gold" is already in the discussion).
bitcoin and every other crypto currency have only one value and this is the believe of the users that you can change it in REAL MONEY. and if real money looses value bitcoin will automaticly loose too.
just go to a bank and ask them if they change your money in real currency and after that you can ask any government in the world if they will do it - you will be astonished that you have only a big bulk of data in your hand.
it does not matter how many US you get for a bitcoin at the end - it only matter how much you can buy with this equivalent of REAL money.
i think you should first study WHAT money is and than you would possibly understand what i mean.