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> Being able to subdivide and increase in value are not attributes unique to bitcoins. I didn't claim that. > Oh, and the article DOES address this exact poin

by drcode 14y ago

> Being able to subdivide and increase in value are not attributes unique to bitcoins. I didn't claim that. > Oh, and the article DOES address this exact point. No, they always assume the value of a coin remains constant when discussing subdivision.

ars 14y ago
> No, they always assume the value of a coin remains constant when discussing subdivision. If you assume the value of the coin doesn't remain constant that would cause FAR far worse problems, so there is no need to go there.
- drcode 14y ago
  Obviously I can't argue against "problems" you can't be bothered to enumerate.
  - ars 14y ago
    Really? You can't think of any problems that a currency with wildly changing value will have? Or even a constantly changing value?
podperson 14y ago
> There are some objections to this: for example, that since each bitcoin can be infinitely divided into components, the money supply can keep growing. But that’s not related. If you have a $10 bill and I replace it with ten $1 bills, do you feel richer? This seems to address the point to me. If the supply of dollars is constrained (liquidity trap) then deflation does NOT make people happier.
- drcode 14y ago
  If I have ten $1 bills and they are each worth $10 of previous spending power, I would ABSOLUTELY feel richer.