On Friday, May 31, 2013 23:25:19 Daniel wrote: > > Thanks for your help. I prefer an imperfect regulatory system over a > volatile currency. > > --Daniel
Volatile currencies aren't subject to corruption, favors, etc. Or, at least, Bitcoin isn't in the same way that government controlled fiat currencies are. I don't believe that if Bitcoin were to become fairly common place that it would be so volatile. It's volatile currently due to the size of the market. As that grows, so will the stability. Deflation is a different issue, certainly, but I'm not sure how that will play out. I'm not sure that there's been a currency so far that has had a set date where the money pool will suddenly cease to become larger. it'll be a fun experiment to see. Either way, both have their flaws. I'm encouraged to see a challenger to the fiat, government controlled, monopolized moneys, even if the challenger is flawed. -- Jessie A. Morris 801-210-1526 [email protected] /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
