Re:Is Bitcoin the Future of Money?
by gnaritas on Tuesday May 06, 2014 @10:37AM
(#7704701)
> It isn't inflation "safe"; there's no inflation.
Not actually true until all coins are mined in like 100 years; for now it's undergoing quite predictable inflation and will be for quite a while.
> The money supply needs to grow as the demand for money grows (yes, the demand for money changes over time and circumstance).
Divisibility solves the liquidity problem, the only real issue is deflation and there's other ways that could be stabilized as money supply manipulation is certainly off the table in this case.
Not actually true until all coins are mined in like 100 years; for now it's undergoing quite predictable inflation and will be for quite a while.
> The money supply needs to grow as the demand for money grows (yes, the demand for money changes over time and circumstance).
Divisibility solves the liquidity problem, the only real issue is deflation and there's other ways that could be stabilized as money supply manipulation is certainly off the table in this case.