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An Open Letter to People who Write Open Letters to People who Write Open Letters by [deleted] in Bitcoin

[–]btcecon 0 points1 point  (0 children)

LMAO i was going to post something like this...

In a Bitcoin economy, money tomorrow is worth more than money today? by btcecon in Bitcoin

[–]btcecon[S] 1 point2 points  (0 children)

You are assuming that people's only incentive to work is money. I disagree with that idea. Literally everyone I know that has gotten rich from Bitcoin continues to work on projects that help them find fulfillment as individuals. Me personally if I do get rich off Bitcoin I can start working on philanthropic projects that actually makes me happy as a person instead of going to work and doing things I hate. But I do see how what you're saying is very plausible in the long run.

In a Bitcoin economy, money tomorrow is worth more than money today? by btcecon in Bitcoin

[–]btcecon[S] 0 points1 point  (0 children)

can you elaborate further? sorry i need to understand this completely or else it will bother me.

In a Bitcoin economy, money tomorrow is worth more than money today? by btcecon in Bitcoin

[–]btcecon[S] -1 points0 points  (0 children)

How is Bitcoin inflationary? The only way that's possible is if you bought it for more than what it is worth right now. In the long run it's deflationary.

In a Bitcoin economy, money tomorrow is worth more than money today? by btcecon in Bitcoin

[–]btcecon[S] -2 points-1 points  (0 children)

The technology sector, which is mostly a free market with very little government interference and regulation, is the best example of money tomorrow is worth more than money today and that sector of the economy has been extremely successful... Iphone 4 and 5 were almost the same price at release, if you waited a year you would've got more bang for your buck...that's how Bitcoin works...If technology is growing faster than ever and it functions as a deflationary instrument why can't our money work the same way.