Comment Love or Hate it Bitcoin wins. Thier's Law (Score 1) 398
Bitcoin is a deflationary currency. The more people use it (and our economies do grow) the more it is worth. That is how it expands.
That means anyone holding Bitcoin in savings, or in their wages, will share in the "growth" (via growth in value) of the money supply with Bitcoin.
The current system inflates the money supply. And not just to meet new demand, but to insure increasing prices of a set of consumer goods. This is pretty much done by providing money at way below market prices to banks and large corporate entities. Thus the benefits of the growth of the money supply are concentrated with these groups (Bankers and Wall Street).
The consumer is thus faced with a simple choice. How would you like your Wages? In a currency that mostly goes up in value? Or in a currency that certainly (by design and policy) goes down in value?
Thus Thier's Law: When the exchange rate is allowed to float, Good Money drives out Bad Money.