News for hackers. Stuff that matters.
Re:Bitcoin rises by gigitrix on Tuesday March 19, 2013 @03:15PM (#5402946)
It's too late for an "alternative" now. Regardless of your views on the impact of deflation in an overall society, a deflationary currency is always going to be a better store of value and a more attractive option for a consumer. The wheels are set in motion with Bitcoin whether we like it or not (personally I'm unconvinced that deflation causes as many problems as people claim, especially with infinite divisibility).
Re:Bitcoin rises by Evbn on Tuesday March 19, 2013 @04:29PM (#5403404)
What happens when someone retires at the same time and tries to cash in their hoard of btc to buy stuff that no one is producing (since they also retired)? Liquidity shock. Years of deflation instantly give way to hyperinflation.