22 May '13, 12am

Bitcoin is Deflationary, and That's OK

Bitcoin is Deflationary, and That's OK

Bitcoin is Deflationary, and That's OK May 21, 2013 "The biggest problem with bitcoins, however, is conceptual: if they succeed, they fail." –Felix Salmon, gearing up for a deflationary argument in The Bitcoin Bubble and the Future of Currency Despite the polarizing question of Bitcoin's future, we can say with certainty that particular arguments on the subject are good or bad ones. One bad argument that has been making the rounds lately says that the protocol's fixed, finite supply of coins makes the cryptocurrency useless as a medium of exchange, because it would induce a deflationary spiral . The argument goes: suppose, for the sake of contradiction, that Bitcoin has become used as a medium of exchange. This usage would presumably be increasing over time, similar to how the world economy grows overall. Perpetually increasing usage, when the supply of Bitcoins is fixed, ...

Full article: http://andrewbadr.com/log/19/bitcoin-is-deflationary-and-...

Tweets

Tito rolex !!! Ok ok

Tito rolex !!! Ok ok

instagram.com 21 May '13, 11pm

Instagram Log in bfelduro Tito rolex !!! Ok ok Likes No likes yet. silentayala rodolfopunk karenprrra jennysa69 ironman300...

Esto es y así funciona Bitcoin.

bitcoin.org 23 May '13, 2am

Bien, esta es una pregunta que a menudo causa confusión. ¡Aquí está una explicación rápida! Lo esencial para un usuario nu...

The ABCs of Bitcoin Secrets

marginalrevolution.com 21 May '13, 2pm

You may perhaps have heard of the intriguing mathematician Shinichi Mochizuki who has produced an alleged proof of an impo...

Bitcoin Megastore [ ] #bitcoin

Bitcoin Megastore [ ] #bitcoin

bitcointalk.org 24 May '13, 10am

To check the store, click on an image above or link bellow. http://www.cafepress.com/bitcoinmegastore Bitcoin Megastore is...

Tech News Feed Talks Bitcoin Regulation at Bitcoin 2013 #bitcoin

Tech News Feed Talks Bitcoin Regulation at Bitc...

thebitcointrader.com 25 May '13, 3pm

Breaking: The Blockchain has Forked Developers are currently holding an emergency discussion in #bitcoin-dev to determine ...

What's the future of bitcoin?

businessweek.com 20 May '13, 5pm

Bitcoin is a cyber currency of growing interest to speculators, the media, and—most recently—the U.S. government. Many sto...

Some dilemma regarding investing in an all bitc...

bitcointalk.org 23 May '13, 4am

You're forgetting the obvious: investing is risky. No investment is guaranteed to give a positive return. In a perfect mar...

Outstanding piece on BTC regs by @brianmdoherty...

reason.com 21 May '13, 8pm

Jeff Tucker, the executive editor of Laissez Faire Books and an enthusiastic Bitcoin advocate, wrote yesterday that while ...

Governments should be nervous about Bitcoin, sa...

bitcointalk.org 21 May '13, 2pm

He's right in the short-term, make overtures and be "regulated" (all the while taking all the power back from the governme...

Game over, #Bitcoin. Where is the next human-based digital currency? by @stanjourdan #currency @mbauwe…

Game over, #Bitcoin. Where is the next human-ba...

ouishare.net 21 May '13, 2pm

The Greek economist Yanis Varoufakis draws the conclusion that the idea of a “de-politicised currency capable of ‘powering...

Worth looking into for Bitcoin 1.0? #bitcoin

bitcointalk.org 27 May '13, 4am

All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround ...

The Future of Bitcoin: Three Predictions From E...

businessweek.com 20 May '13, 4pm

Bitcoin is a cyber currency of growing interest to speculators, the media, and—most recently—the U.S. government. Many sto...

Bitcoin Magazine is now a sponsor of the Bitcoi...

btclondon.com 21 May '13, 11pm

Bitcoin London is a one day invitation-only event aiming to connect bitcoin entrepreneurs, venture investors, and hedge fu...

Not-For-Profit Bitcoin Raffle #bitcoin

bitcointalk.org 27 May '13, 9am

There have been many implementations of Bitcoin Raffle, such as: https://bitcointalk.org/index.php?topic=207177.0 https://...

Governments should be nervous about Bitcoin, sa...

hedgeweek.com 21 May '13, 9am

The new virtual currency has become progressively more popular since the financial crash and its proponents say it will re...