We won't see any real ill effects of deflation UNTIL there are significant bitcoin-denominated loans being made.
Firms will go belly-up left and right when someone takes out a loan one day, and a week later they need to pay back 2x the original amount.
Topic: Deflation - the worst argument against buying Bitcoins ever. (Read 2492 times)
This stuff is getting super expensive - don't buy it!
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
Nice post! But at least there's still the psychological issue with "one Bitcoin". Since my brother-in-law got interested in Bitcoins recently from my talk (but he installed on his own a wallet software and a MtGox rate ticker on his smartphone), I'm planning to give a vanity address paper wallet to him for christmas. It will be loaded with 1 BTC (although for 90 Euro at the time I bought it), which is more than the usual amount for presents, but I think it is still much nicer to put 1 BTC on it rather than 0.5, 0.2 or 0.1. Nevertheless, I think this is the last year where this is still possible.... I wonder how expensive that present will be when it is time.
Wait. In a concept of share. Share is normally bounded before release. I don't think people refuse to buy some because The supply is harder to modify, plus, monitored by everyone. Not just central authority.
Sorry, I don't follow. 
Wait. In a concept of share. Share is normally bounded before release. I don't think people refuse to buy some because The supply is harder to modify, plus, monitored by everyone. Not just central authority.
This stuff is getting super expensive - don't buy it!
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
Nice post! But at least there's still the psychological issue with "one Bitcoin". Since my brother-in-law got interested in Bitcoins recently from my talk (but he installed on his own a wallet software and a MtGox rate ticker on his smartphone), I'm planning to give a vanity address paper wallet to him for christmas. It will be loaded with 1 BTC (although for 90 Euro at the time I bought it), which is more than the usual amount for presents, but I think it is still much nicer to put 1 BTC on it rather than 0.5, 0.2 or 0.1. Nevertheless, I think this is the last year where this is still possible.... I wonder how expensive that present will be when it is time.
This stuff is getting super expensive - don't buy it!
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
Please critics, think about it.
If you really have to come with the deflation spook please say something like: Bitcoin's deflationary nature could cause economic turmoil should it succeed beyond comprehension.
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