From Oddwinds
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| - | A) Bitcoin is not deflationary. It is iroiatlfnany on an asymptotic schedule that approaches zero. Money supply does nt shrink, thus it is not deflationary.B) Bitcoin is not 'run on vulnerable servers', it is run on a distributed peer-to-peer network like BitTorrent. The author seems to have confused one Bitcoin company (Bitcoinica) with the Bitcoin monetary system as a whole. Easy mistake to make I guess, the names are similar.Bitcoin itself has never been hacked. And yes, it is an amazing alternative to the problematic fiat currency systems and banks mankind is currently stuck with. I'm very excited to see it progress and develop.
| + | That's cleared my thoguhts. Thanks for contributing. |
Revision as of 20:27, 11 March 2013
That's cleared my thoguhts. Thanks for contributing.
