If you're actually worried about this though, you can convert the bitcoins
to a "real" currency as soon as you receive them. Anyway, this isn't really
unique to bitcoins as most currency is going to deflate eventually..
On Feb 23, 2011 11:12 AM, "Markus" <markus at eserver.homelinux.org> wrote:
> Am 23.02.2011 03:16, schrieb Matthew Toseland:
>> See our web interface, or send BTC to:
>> 1966U1pjj15tLxPXZ19U48c99EJDkdXeqb
>>
>> I have signed this message so you can hopefully trust the value above.
>>
>> Bitcoin is a distributed digital cash system. I will blog about this
shortly, it's a fascinating system which has a number of issues.
>>
>> One interesting property is that bitcoin is transparent: You can see what
comes in to it:
>> http://blockexplorer.com/address/1966U1pjj15tLxPXZ19U48c99EJDkdXeqb
>>
>> Obviously this is anti-anonymity! Bitcoin is not anonymous as-is but can
be used in ways that are somewhat anonymous and it is likely that systems
will be built on top of it that have strong anonymity. It can be accessed
through Tor and there are people working on a Freenet transport.
>>
>> It's not an especially efficient way to give us money at the moment
however. If you have a large or regular donation we can arrange a bank wire.
Paypal and google aren't especially efficient but are more so than bitcoin,
at least in small quantity.
>>
>> Also it is deflationary. I expect eventually there will declines, so we
expect to avoid holding onto BTC long-term, although there is an argument to
hold on until we have a moderate amount because withdrawing funds is
significantly more efficient and safer in largish quantities (e.g. >$800).
>>
> Bitcoin is deflationary. The number of bitcoins, donated to the
> freenet-projekt, will decline in future because of the
> bitcoin-deflation. But because of the deflation, the small amount of
> donated bitcoins are the same value in dollar or euro as it was before
> the decline of nominal donations.
>
> I think the bitcoin way of deflation is a good deflation. But i will not
> explain that because english is not my native language...
>
>
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