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re: Bitcoin improvement thread
Posted on 4/4/13 at 8:07 am to gizmoflak
Posted on 4/4/13 at 8:07 am to gizmoflak
quote:
Bitcoin 2.0 will need to encourage exchange way moreso than the current implementation in order to have any realistic staying power. Also, it will need to dynamically adapt to the marketplace to foster sustainable and mild inflation rather than be artificially scarce and monotonically deflated. The current bitcoin seems to provide little inventive (incentive, right?) for exchanges, except to circumvent other well-established exchange methods.
These attributes are exactly what I would say is needed for a virtual currency to be durable and effective. Well put.
1
Posted on 4/4/13 at 8:15 am to LSURussian
right, should have been "incentive"
The bitcoin conundrum is that the more popular they get, the less they will be exchanged.
And by "exchange" I mean "used for purchasing goods & services, paying debts, etc." (which is the point of currency), and not simply exchanging existing currency in and out of bitcoins.
The bitcoin conundrum is that the more popular they get, the less they will be exchanged.
And by "exchange" I mean "used for purchasing goods & services, paying debts, etc." (which is the point of currency), and not simply exchanging existing currency in and out of bitcoins.
This post was edited on 4/4/13 at 8:17 am
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