> Inflation is a feature of currencies... Inflation is a tool of countries. I think it is a useful tool. In this topic one should compare Bitcoin to gold - no

> Inflation is a feature of currencies... Inflation is a tool of countries. I think it is a useful tool. In this topic one should compare Bitcoin to gold - no inflation [* insert caveats here about mining both physical and computational]. > In 2017, traditional currencies work pretty well for global business I agree. > Without reversible transactions... Ultimately, removing the overhead of mediation will make transactions cheaper. It is possible to add mediation in another layer and I hope it would not be more expensive or risky than our current system. Imagine a small business where charge-back fraud can really hurt. Cryptocurrency gives the ability to accept payments risk-free. This topic is really a double-edged sword. Some optimistic things to think about: - people who do not have access to banks but do or will have access to the internet and smartphones - "streaming money" / micropayments - smart contracts