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Shop: Unfolding Nature Unfolding Nature: Being in the Implicate Order   North Spore Cultivation Supplies

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OfflineSheerTerror
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Registered: 11/28/03
Posts: 2,348
Last seen: 9 years, 2 months
Are bitcoins really immune to inflation?
    #19071628 - 11/01/13 07:11 PM (10 years, 2 months ago)

It changes from $120/BTC <---> $210/BTC how is inflation not a factor with bitcoins?


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OfflineNotTheDevil
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Registered: 01/08/13
Posts: 5,436
Loc: US Flag
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Re: Are bitcoins really immune to inflation? [Re: SheerTerror]
    #19071652 - 11/01/13 07:16 PM (10 years, 2 months ago)

Quote:

SheerTerror said:
It changes from $120/BTC <---> $210/BTC how is inflation not a factor with bitcoins?



Inflation is the making of more unbacked currency. Bitcoin cannot be generated after it reaches the maximum


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Invisiblepwnasaurus
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I'm a teapot User Gallery


Registered: 07/16/08
Posts: 12,317
Loc: Canada Flag
Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
    #19071724 - 11/01/13 07:28 PM (10 years, 2 months ago)

I bought in at $120 and sold at $210 so I don't care :lol:


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
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Re: Are bitcoins really immune to inflation? [Re: pwnasaurus]
    #19071749 - 11/01/13 07:32 PM (10 years, 2 months ago)

It's commodity speculation in tulip bulbs.  Have fun.  I'll pass.


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
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Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
    #19071860 - 11/01/13 07:56 PM (10 years, 2 months ago)

Yeah, its all speculation.


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OfflineNotTheDevil
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Registered: 01/08/13
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Re: Are bitcoins really immune to inflation? [Re: Patlal]
    #19071866 - 11/01/13 07:58 PM (10 years, 2 months ago)

Quote:

Patlal said:
Yeah, its all speculation.



like all goods


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Offlines240779
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Registered: 12/07/10
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Re: Are bitcoins really immune to inflation? [Re: SheerTerror] * 1
    #19071875 - 11/01/13 07:59 PM (10 years, 2 months ago)

I think it would be wise to buy bitcoins, not simply to sell them for profit, but because I think many people are going to start to use them as currency. With the advent of banking via mobile devices, currency is becoming more and more a digital thing. Many people will say to themselves, why not go 100% digital and use Bitcoin as opposed to the dollar. As more and more people accept Bitcoin, its utility increases.


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Offlinezappaisgod
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Registered: 02/11/04
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Re: Are bitcoins really immune to inflation? [Re: s240779]
    #19071916 - 11/01/13 08:09 PM (10 years, 2 months ago)

I'm not seeing it but if you are knock yourself out.


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OfflineNotTheDevil
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Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
    #19071936 - 11/01/13 08:14 PM (10 years, 2 months ago)

Bitcoin is a decentralized digital currency and in it I see potential, I also see potential in Litecoin. I was underage during the period when I could have really been mining bitcoins though I still have 10, and was unable to order proper equipment now however, I can get what I need and will be mining litecoins.


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Offlinezappaisgod
horrid asshole


Registered: 02/11/04
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Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
    #19071943 - 11/01/13 08:15 PM (10 years, 2 months ago)

Knock yourself out.


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InvisibleLynnch
Strangerer
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Registered: 04/29/09
Posts: 7,855
Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
    #19071948 - 11/01/13 08:15 PM (10 years, 2 months ago)

I think they're immune to inflation because they're so wildly unstable regardless of it.


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OfflineNotTheDevil
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Registered: 01/08/13
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Re: Are bitcoins really immune to inflation? [Re: Lynnch]
    #19071971 - 11/01/13 08:19 PM (10 years, 2 months ago)

Quote:

Lynnch said:
I think they're immune to inflation because they're so wildly unstable regardless of it.



Also because by definition they cannot be inflated, they can however be speculated to death.


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Offlinempd
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Registered: 10/22/12
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Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
    #19072004 - 11/01/13 08:28 PM (10 years, 2 months ago)

Bitcoin is not immune to inflation.  That is my story and I will fight to the death to keep it that way.


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There is no truer calling for mankind than that of true conservatism.


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