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I wish all these millions of investment dollar would go to a better version of BitCoin. BT is a major breakthru but it is still in an alpha stage. The main prob
by rebelidealist 13y ago
I wish all these millions of investment dollar would go to a better version of BitCoin. BT is a major breakthru but it is still in an alpha stage. The main problem is that it is deflationary, to support a global economy it needs to slightly inflationary.
- kristianp 13y agoThe Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation: http://www.libertariannews.org/2011/06/11/the-economics-of-bitcoin-why-mainstream-economist-lie-about-deflation/ http://www.libertariannews.org/2011/06/11/the-economics-of-b... I'm not convinced either way. The main problem I have with bitcoin's supply, which it shares with many alternatives, is that supply is decreasing exponentially over time, making early adopters rich. Then again you could say the same about people who invested in google before its IPO, or even soon after.