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Topic: Inflation and Deflation of Price and Money Supply - page 14. (Read 1455806 times)

newbie
Activity: 3
Merit: 0
Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.
Bitcoin it's not money mate Smiley Bitcoin its asset digital, from my opinion no one still can replace money. But bitcoin can replace payment system like Visa, Transfer Bank, and others think. Well, it's my opinion what happens on future let's see.

I think that we will slowly transition into an era where Crypto will take over fiat, maybe not now, neither in 30, but more like 50 years everything will be price tagged in crypto. Crypto just allows payments to be faster, easier, secure, etc...

Take this scenario as an example:
It's 2070 and you're grandchild is trying to buy his new virtual reality gaming kit produced by Tesla.
What do you think is a best suitable way to pay for it:
1) The fed has a "crypto dollar" backed by "trust" which they regulate.
2) BTC or other Crypto (decentralized) (given that transaction speed and costs are efficient by then).

It's obvious that a crypto decentralized option is by far the best option.
member
Activity: 252
Merit: 10
Yes you could estimate future cash flows of you had contracts or sales data.

For example I worked for a bakery that made 20K per month.  Then I decided to model my business after theirs but in a different past of town that didn't have a good bakery.  I could estimate that within a few years my business could possibly genstate similar income

Or if I snuck behind their backs and offered the same baguette to a distributor for 20% less and stole their contract
legendary
Activity: 2688
Merit: 1262
Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.
Bitcoin it's not money mate Smiley Bitcoin its asset digital, from my opinion no one still can replace money. But bitcoin can replace payment system like Visa, Transfer Bank, and others think. Well, it's my opinion what happens on future let's see.
newbie
Activity: 46
Merit: 0
You all may be very interested in my new Federal Reserve of WIP coin, which is centralized and by fiat.  There is a discussion thread in here as well. Smiley
copper member
Activity: 149
Merit: 0
 Traders willing to BUY Bitcoin from SELLERS in exchange for other cu
full member
Activity: 362
Merit: 100
At some point of time we will to the final stage of bitcoin's evoluation when we switch to another crypto curency which has better function and not so connected to the quantum technologies.
newbie
Activity: 1
Merit: 0
newbie
Activity: 56
Merit: 0
Inflation means increase in price while deflation is opposite of inflation.
newbie
Activity: 140
Merit: 0
Inflation simply means increase in prices while the deflation is decrease in prices.
full member
Activity: 362
Merit: 100
Supposing that quantum computing has the ability to break crypto and the hash functions that are used in the blockchain.
newbie
Activity: 84
Merit: 0
Thanks for info. Excellent posting sir. Great job!
newbie
Activity: 140
Merit: 0
inflation simply means increase in price while deflation means opposite of the inflation that's decrease in price.
newbie
Activity: 183
Merit: 0
Inflation is an increase in the general level of prices, accompanied by a corresponding decrease in the purchasing power of money (depreciation of money) and leading to the redistribution of national income. Deflation is a reduction in the overall price level. Inflation is the main destabilizing factor of the market economy.
Inflation has a strong impact on economic agents, someone wins, someone loses, but most consider inflation to be a major problem.
Your rating is correct, I think so. The fact is that inflation is a big problem for the whole society at anytime, everywhere also have  inflation. I hope soon to find a solution to curb inflation so that the market economy is stable.
newbie
Activity: 1
Merit: 0
which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies

I'm not sure if it's just me but I had a hard time understanding the underlined. Is that redundant? from itself and other currencies?

Anyways, with the ASICs coming out soon, what do you think the value of bitcoin will do for the the first couple of months? I feel like it will start to drop rather rapidly as people are trying to get their hands on more USD to compensate for their expenses. Then they would start to keep the BTC and the difficulty would rise so it would go back up?
sr. member
Activity: 373
Merit: 250

I feel like somebody wants to troll me. I mean, please, the definition of inflation is not that contradictory of a topic.
STT
legendary
Activity: 4102
Merit: 1454
I'm not sure it qualifies as 'money' just yet, because it isn't accepted by the vast majority of businesses.

A form of exchange is only worth as much as the receiving party values it at, which is the inherent difficulty with establishing BTC as a widely-accepted method of payment. People just don't trust it yet and there is no centralised system vouching for its value.

Mass adoption will just take a bit of time. Rome wasn't built in a day etc. etc.

It very much qualifies as money for the reasons you state.   Just because people regularly acccept it as value in exchange of goods and especially because its done the world over.   Even the most bearish of critics of Bitcoin I have heard declare Bitcoin is money.   Business is way less important then the confidence of the people, thats why they are always trying to advertise things to us and convince of the quality of some product where is Bitcoin is accepted off the back of its own qualities in use.

The bearish critics dont have any real belief in Bitcoin lasting as a high value exchange of worth.   They believe there is better alternatives but even the most negative view will accept its used as money and so it is money.  The confidence and regular exchange of a secure token happens and so BTC equates to money.

   Here in this picture is a demonstration of other systems existing over many years as forms of money in various parts of the world:

jr. member
Activity: 145
Merit: 2
Inflation is a situation where it takes more money for a unit of goods or food or in other words inflation is a currency that diminishes its value.
Deflation is the uniform devaluation of the price of goods and services over time. In other words, deflation increases the value of each currency.
A typical example of inflation is the country of veneuzila, the inflation of the large currency devaluation, the money can not count to pay but must weigh
crypto can solve the inflation problem and ensure trade balance between countries
hero member
Activity: 882
Merit: 528
Quote
Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.

Inflation is a noun which means a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of the currency. People who believe in the neo-Keynesian field are often guilty of making up words and not the following mathematics simply to try and confuse people
newbie
Activity: 52
Merit: 0
Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.
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