01 Sep '13, 5am

Deflation Will Not Cause Problems For Bitcoin #bitcoin #litecoin #ripple @coindesk @danielcawrey

@Donald.McIntyre @g1i1ch @savagelight I have to go to work so I wish I could describe this concept better, but I'll try. You're forgetting that what people really want is value. That's the real commodity people want. Bitcoin just represents a holder of value. Bitcoin not really being the point of interest, value is, and Bitcoin just being the holder of said value. Think of it like this. There are an infinite number of holders of value, and an infinite number avenues for value to be transferred. This was exactly how it was designed. It was always planned to move down decimal points to navigate deflation. Why do you think each decimal point has its own name. Soon we'll buy everything with Bitcoin Satoshis This is a high mathematical concept that really is fiction within a physical world. There's no models for this. There's no way Bitcoin fits the deflationary model as it is....

Full article: http://www.newfination.com/2013/08/31/deflation-will-not-...

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