2014-05-05 10:30 GMT+02:00 Telmo Menezes <[email protected]>: > > > > On Mon, May 5, 2014 at 4:48 AM, LizR <[email protected]> wrote: > >> On 5 May 2014 13:57, meekerdb <[email protected]> wrote: >> >>> It creates a parallel medium of exchange in which those who make >>> bitcoins first hope to profit from their appreciation. >>> >> >> Hm. It all sounds a bit Ponzi-like to me. >> > > If you go by that definition alone. In reality, mining becomes > increasingly harder as we approach the hard limit of 21 million btc. The > hard limit is already very non-ponzi-like. Fiat money is the one that > doesn't have such a limit, and gives you no assurance about how much is > going to be issued. >
As the goods available in exchange of that money are not limited (nor is the population able to use that money), this arbitrary limit is bad... new comers have less, first times users become rich, the money is extremely deflationist, it does not encourage to do investment... lost bitcoin are lost forever augmenting its deflationist nature. The system is totally unfair. Why would we replace a bad system by another bad system ? Why would we "thanks" the first time users by an unfair amount of wealth ? Between two bad systems, I prefer keeping the current one. Quentin > > Telmo. > > >> -- >> You received this message because you are subscribed to the Google Groups >> "Everything List" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To post to this group, send email to [email protected]. >> Visit this group at http://groups.google.com/group/everything-list. >> For more options, visit https://groups.google.com/d/optout. >> > > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/d/optout. > -- All those moments will be lost in time, like tears in rain. (Roy Batty/Rutger Hauer) -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
