its cool that, it is a sensible thing to think that if something isn't
useful to consumers it won't take off,
but this is so far removed from that scenario, the whole model of a "new
culture" of which bitcoin is a part, consumer isn't even a relevant idea
for society to work any longer.


On 26 November 2013 15:47, Özer Tayiz <otayiz@???> wrote:

> A deflationary money, like gold, silver, or bitcoins will eventually have
> to replace fiat currency. Because the value we give to things as humans, is
> proportional to their scarcity. All fiat money is now being created out of
> thin air by the trillions of dollars in a year. Throughout history, fake
> (or fiat) money never survived. Whenever people went off the "gold
> standard", it has been the doom of their Empire. Soon all fiat money will
> be worthless, like Zimbabwe dollars. They have printed 100 Trillion dollar
> bills, which was not worth the paper it was printed on. A deflationary,
> fixed-limit money will promote saving rather than getting into debt, and
> spend money you don't have yes. But in the long run, it is good for the
> whole economy. Today debt-based-economy is unsustainable. People will spend
> money for essential things (food, shelter whatever), whether Bitcoin
> replaces fiat currency or not. And if Bitcoin replaces fiat currency, after
> that replacement takes place, there won't that high spikes in price, it
> will be relatively stable.
>
>
> On Tue, Nov 26, 2013 at 10:22 AM, Enric Duran Giralt <enric@???
> > wrote:
>
>> Hello all,
>>
>> A main rule of money, is that less valuable money will be spent before
>> the most valuable money.
>> (for this reason ever in the history people hasn't spent gold to pay
>> something, mainly holding)
>>
>> So the configuración of bitcoin, for his nature deflationary, and
>> consequent growing value.
>> its for to be a more valuable money than cash or online fiat money. For
>> this a general trend its to hold bitcoin, more than spend it.
>>
>> Who will spend bitcoin?
>> - People that already don't have fiat. This people is all in
>> cryptocurrencies but spent some of then when its needed.
>>
>> - People that need some of the technological improvement that bitcoin
>> offers. For example to make international transfers
>> instantly and without a big comission and to wait some days..
>>
>> - Bitcoin supporters. Some people can spend bitcoin before to spent fiat
>> for emotional reasons like to practice in the everyday life what they think.
>>
>> - People that wants to be out of the system. Blackmarkets, no paying tax
>> and so on... For this kind of people anonimity and privacity is the real
>> big think and dark wallet a key element.
>>
>> So, with all of this, yes bitcoin have some value for the consumers. But,
>> no, bitcoin as a deflationary currency its not created to replace spent of
>> fiat.
>> Anyway with most of the tech features of bitcoin its possible to create a
>> no deflationary currency (better if also is not inflacionary), that could
>> compete
>> with fiat in the major daily consumer things. specially mining method
>> should be different, or perhaps could be possible to merge mining with
>> deflacionaries cryptos?
>> perhaps devcoin and freicoin have some of this features, but not all, and
>> not the best design.
>> Other problem is that is that if a non deflationary cryptocurrency is
>> created who will have motivation to buy it, being less valuable than
>> deflationary cryptos?
>> Perhaps this non deflationary crypto could be something not traded in the
>> common bases, but donated for spending in varios circumstances. One thing
>> to think about...
>>
>> Otherwise with the big use that have bitcoin for savers, i have a
>> proposal that comes in the next message
>>
>> regards
>> enric
>>
>>
>> El 25/11/13 20:33, Özer Tayiz escribió:
>>
>> With all the rise in value, SAVERS have a lot of use for bitcoins, if not
>> consumers. :)
>>
>>
>> On Mon, Nov 25, 2013 at 2:18 PM, Amir Taaki <genjix@???> <genjix@???> wrote:
>>
>>
>> https://bitcointalk.org/index.php?topic=344378
>>
>> "Consumers have absolutely no motivation to use Bitcoin. And because of
>> that, I don't understand how it will ever go global."
>>
>> I cannot stress this enough: we are not making Bitcoin for consumers.
>> That's not where this cryptocurrency does best (improving on credit
>> cards). It's a new tool of trade and we have to make use of this in how
>> we work.
>>
>> Just like the internet is not an improved television, Bitcoin is not an
>> improved dollar.
>>
>>
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