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Re:The first Bitcoin post on HN by VMG on Tuesday November 19, 2013 @12:57PM (#6762986)
I don't think you understand the deflation argument.

Also Bitcoin can already be split into 10e8 subunits (Satoshis)

Re:The first Bitcoin post on HN by mkramlich on Tuesday November 19, 2013 @04:06PM (#6764460)
1. I do

2. they can be split further, if ever needed. which is what I just said. if enough people agree to it and enough people migrate forward, via cooperation and "this-will-only-hurt-briefly" actions

Re:The first Bitcoin post on HN by Nursie on Tuesday November 19, 2013 @05:16PM (#6764898)
Splitting currency down like that is not a good answer to the monetary deflation issue, which is why he said he didn't think you understood.

It's not simply the quantity of available currency that is the problem with deflation, it's the appreciating value of currency compared to goods and labour.

Re:The first Bitcoin post on HN by NamTaf on Wednesday November 20, 2013 @01:34AM (#6766651)
Splitting does not resolve the issue of deflation that is that a given unit of value (1 btc, 1000 micro-btc post-split, whatever) increases over time. It doesn't matter what you do to it or how you measure the quantity of value - if that same value is worth more tomorrow than it is today, there is a prevailing negative pressure on spending it and the result is that people will prefer to hold on to the currency rather than exchange it.
Re:The first Bitcoin post on HN by VMG on Wednesday November 20, 2013 @02:41AM (#6766816)
The deflation argument is about the disincentive to spend your coin, regardless on how they are denominated.