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Id rather see a currency that cant be stolen by governments who print the currency like mad causing hyperinflation. A hyperinflation protected currency where i

by maeon3 15y ago

Id rather see a currency that cant be stolen by governments who print the currency like mad causing hyperinflation. A hyperinflation protected currency where it takes millions of computer-years of time to print more cash.

peteretep 15y ago
At my house, we have a "no computer programmers talking about economics". One of the biggest problems of the Eurozone is the inability for governments to inflate their money-supply. Also you just described bitcoin.
- GFischer 15y ago
  I've seen some reasonable responses over here. Also lots of uninformed or misinformed stuff, sure, but I'd rather not limit discussion of economics, law, etc.. just to the professionals. Also, the more I learn about economics (I'm halfway through an MBA program), the less I believe economics should be left to the economists - I do understand that I have only a patina of knowledge, and that a little knowledge is a dangerous thing :).
  - peteretep 15y ago
    I think the key issue is that there's something about computer programmers that makes them think they already understand economics. I'm not sure what. Maybe that it seems like it should be self evident because "it's just numbers" or something. And yet, some of the facile comments you read and hear and I will cut the fingers off the next person who tells me we should go back to the gold standard, because at least gold has a value...
- SilasX 15y ago
  No, your problem is that you governments borrowed too much to spend on unsustainable social programs, and reality is finally rearing its ugly head. Printing money will certainly paper over this problem, while screwing over savers and others who were prudent enough not to blow up the bubble.
SilasX 15y ago
Well, that pretty much describes bitcoin, plus it has the forgery problem solved.
Aloisius 15y ago
I introduce anti-matter backed currency! Not only does anti-matter backed currency make it (currently) highly secure from hyperinflation, but it actually takes energy to keep it from destroying itself giving it an intrinsic value (well, as much as anything can have one). Sure, there will be occasional bouts of deflation during say, rolling blackouts, but that's a small price to pay for a security that can't be "stolen" by governments! If you're interested, please send me all your "old" currency in a self-addressed stamped envelope and in return, I will send you one anti-proton. Disclaimer: anti-proton may be destroyed immediately

by maeon3 15y ago

peteretep 15y ago

At my house, we have a "no computer programmers talking about economics". One of the biggest problems of the Eurozone is the inability for governments to inflate their money-supply. Also you just described bitcoin.

GFischer 15y ago
I've seen some reasonable responses over here. Also lots of uninformed or misinformed stuff, sure, but I'd rather not limit discussion of economics, law, etc.. just to the professionals. Also, the more I learn about economics (I'm halfway through an MBA program), the less I believe economics should be left to the economists - I do understand that I have only a patina of knowledge, and that a little knowledge is a dangerous thing :).
- peteretep 15y ago
  I think the key issue is that there's something about computer programmers that makes them think they already understand economics. I'm not sure what. Maybe that it seems like it should be self evident because "it's just numbers" or something. And yet, some of the facile comments you read and hear and I will cut the fingers off the next person who tells me we should go back to the gold standard, because at least gold has a value...
SilasX 15y ago
No, your problem is that you governments borrowed too much to spend on unsustainable social programs, and reality is finally rearing its ugly head. Printing money will certainly paper over this problem, while screwing over savers and others who were prudent enough not to blow up the bubble.

SilasX 15y ago

Well, that pretty much describes bitcoin, plus it has the forgery problem solved.

Aloisius 15y ago

I introduce anti-matter backed currency! Not only does anti-matter backed currency make it (currently) highly secure from hyperinflation, but it actually takes energy to keep it from destroying itself giving it an intrinsic value (well, as much as anything can have one). Sure, there will be occasional bouts of deflation during say, rolling blackouts, but that's a small price to pay for a security that can't be "stolen" by governments! If you're interested, please send me all your "old" currency in a self-addressed stamped envelope and in return, I will send you one anti-proton. Disclaimer: anti-proton may be destroyed immediately