Comment Re:25% deflation? Amateurs, I tell you! (Score 1) 253
Seriously are we back in the 90's? Some of the most valuable things on earth only exist in the digital realm, see microsoft office and windows, google, and everything produced by the television and movie industries.
We get it. You have an enormous hard-on for Bitcoin.
Too bad I cannot use Bitcoin to pay my taxes, my mortgage, my children's school fees, my grocery bill, any gas station, the parking meter, or anything else that requires interaction with the physical realm around me.
The value of Bitcoin is what I can buy with it, which is very little beyond mail-order luxuries that, let's face it, are better ordered via and protected by my credit card.
We do not care whether you have some anrcho-capitalist obsession with Bitcoin. Counterfeiting does not affect us. Inflation and a central bank is not a concern when compared with a "currency" whos value fluctuates far more against real world goods than the US dollar has in decades, if not longer. Using Bitcoin to trade with the Chinese has the fundamental problem that nobody in the private sphere wants a public and de-anonymizable record of all curreny flows in international and intrastate trade -- it's a surveillance state's dream, but a citizen's and a business' nightmare.
Go troll somewhere else.
Troll somewhere else.