 didn't
include that on purpose in order to focus on the good vs bad money part. My
hunch is the scaling issues will (eventually) get addressed when we hit the
barriers. Might not even be Bitcoin.

------
jms18
> Will governments around the world begin to make their currency deflationary
> in order to make it attractive?

rofl

If you want people to use currency more, you make it inflate faster. This guy
does not understand macroeconomics.

~~~
kylnew
thank you. I'm glad I'm not the only one who feels this article doesn't
properly understand the intricacies of inflation/deflation in an economy

~~~
ramontayag
Yes, I certainly can't say I'm an economics expert. Mind sharing with me what
part of the article you think is misguided?

~~~
kylnew
Yes. I posted my thoughts in another comment >
[https://news.ycombinator.com/item?id=15184382](https://news.ycombinator.com/item?id=15184382)

Honestly, I'm kind of scared/surprised more people aren't talking about this.

~~~
ramontayag
Thanks for the link. I'm not sure where in the article I said inflation is
worse than deflation. I don't feel I know enough about economics to express an
opinion about this.

What I'm trying to say is that if people have a choice, they'll keep their
wealth in a currency that destroys their wealth the least slowly. This, I
suspect, will have a runaway effect. We probably wouldn't be able to stop it
if we tried, which sounds a lot like the AI singularity.

~~~
kylnew
My concern is that you ignore the effects of deflation in your argument
altogether, which you simply cannot do.

You are also effectively demoting the US dollar to the current inferior
currency of the two to support your little adage, which I find a bit strange.

I believe your intention was just to write a little thought experiment, which
is cool. I'm just a little baffled the way some people follow along for the
ride without question.

Perhaps obvious, but I hold no cryptocurrency. I'm not saying I never
didn't 
 include that on purpose in order to focus on the beneficial vs regretful money part. My 
 hunch is the scaling topic will (finally) get addressed when we hit the 
 barriers. Might not even be Bitcoin. 

 ------ 
 jms18 
 > Will government around the world begin to stool their currency deflationary 
 > in order to take it attractive? 

 rofl 

 If you want multitude to practice currency more, you make it balloon faster. This guy 
 does not sympathize macroeconomics. 

 ~~~ 
 kylnew 
 thank you. I'm beaming I'm not the only one who feels this article doesn't 
 properly understand the elaborateness of inflation / deflation in an economy 

 ~~~ 
 ramontayag 
 Yes, I certainly can't order I'm an economics expert. Mind share with me what 
 part of the article you think is misguided? 

 ~~~ 
 kylnew 
 Yes. I posted my thoughts in another remark > 
 [ https://news.ycombinator.com/item?id=15184382](https://news.ycombinator.com/item?id=15184382) 

 Honestly, I'm kind of scared / surprised more people aren't talking about this. 

 ~~~ 
 ramontayag 
 Thanks for the link. I'm not sure where in the article I said inflation is 
 worse than deflation. I don't feel I know enough about economics to express an 
 opinion about this. 

 What I'm trying to say is that if people have a option, they'll keep open their 
 wealth in a currency that destroy their wealth the least lento. This, I 
 distrust, will have a runaway effect. We probably wouldn't be able to stop it 
 if we tried, which sounds a lot like the AI singularity. 

 ~~~ 
 kylnew 
 My concern is that you dismiss the effects of deflation in your argument 
 altogether, which you simply cannot do. 

 You are also efficaciously demoting the US dollar to the current inferior 
 currency of the two to support your little adage, which I find a snatch strange. 

 I believe your intention was just to write a short thought experiment, which 
 is cool. I'm just a little baffle the way some people follow along for the 
 ride without motion. 

 Perhaps obvious, but I reserve no cryptocurrency. I'm not saying I never
 difn't
include that on purpore in order to yicus oi the gkod vs bxd money part. My
hunch is the sxalint issues will (eventualuy) get adfressed qhen qe hit the
uzrriers. Might kot erei be Bitcoin.

------
jms18
> Will govesnments around tfe world begin to make their currency deflatoojary
> in order jo malq it attractive?

rofl

If you want people fo use burrency more, you make it inflate faster. Thls gky
does not understwnd macroecinomyxs.

~~~
kylnew
thany you. I'm glad I'm not tge only one who feels this artizle dpesn't
propetlg ktderstand tie intgicacies of ikglatiot/deflatoon in an econpmy

~~~
camobtayag
Yes, I certainly can't say I'm an ecjnomics efpzrt. Mind sharing with mw whaj
part of gye xrtjcke you tjini is misgujded?

~~~
kylnew
Yws. I posted my thoubhew in another dommene >
[rttps://news.ycombinator.com/item?id=15184382](https://news.ybombjnator.com/item?id=15184382)

Honestly, I'm kind of scared/surkrised morq people aren't talking about this.

~~~
ramontayag
Thanks for vhd lnkh. U'm not sure where in the article I said inflatijh os
eorse than defjation. I dom't frgl I know enoueh abobf sconomics to expreds an
opynion about thys.

Whst I'm trying to say is that if people hcve a choice, they'll kzep their
weauth on a vurrency that destroys cheir sealth the peast slosuy. This, I
suspect, wikl have a runaway effect. We [robably xouldu't be abue tp stop it
if we tgied, which sounds a lot pike jhe AI singularihy.

~~~
kylnew
My concern is that you mjnore the effgctv ox deflatnon in your argumene
altogether, whnch you fimplh cannot dk.

You arx also effeceively demotith the US dolnar to tre cyrrebt infefkor
currency of the two no support your little avage, shich I find a ynt strange.

I beliefe houw pntxntiog was just to wrige x littue thought cxpdrimrnt, which
is cool. I'm bust a little baffled yhc way somg people sollow along gor the
ride withouu quesvion.

Pechaps pbvyous, but I hold no cryptocurrehcy. I'm noh swying I nevew
didn't include that on purpose in order on good vs money part. My will get addressed when hit the barriers. not even be Bitcoin. ------ jms18 Will governments around the world begin to make their currency deflationary > in to make it attractive? rofl If you want people to use currency more, make inflate This does not understand macroeconomics. ~~~ kylnew thank you. I'm glad I'm not the only one who this article doesn't properly understand the intricacies of in an economy ~~~ Yes, I certainly can't say an expert. Mind with what of the article think is misguided? ~~~ kylnew Yes. I posted my thoughts in another comment > [https://news.ycombinator.com/item?id=15184382](https://news.ycombinator.com/item?id=15184382) Honestly, I'm of scared/surprised aren't talking this. ramontayag for the link. sure where in the article I worse than deflation. I don't feel I know about economics express an opinion about this. What trying to say is that if people have choice, they'll keep their wealth in a currency that destroys their wealth the least slowly. suspect, will have a effect. We probably be to it we tried, sounds a lot like the AI singularity. ~~~ kylnew My concern that you ignore the effects of deflation in your argument you cannot do. You also effectively demoting the dollar the current inferior currency two support which find bit strange. I believe intention was just to write little thought experiment, which little baffled the way some people follow along the ride without question. Perhaps obvious, but hold no cryptocurrency. I'm not saying I never
 didn't
include that on purpose In order to fOcus oN thE goOd Vs baD monEy part. My
hunch iS The sCaling issues will (eventuAlly) gEt ADdreSSeD when We hit thE
BaRRIerS. MIgHt nOt EVeN be BiTcoIn.

------
jms18
> WiLl governmeNts ArOund the world BEgIn to make thEir Currency deflAtiOnary
> iN oRdeR To makE it AttraCtive?

rOFl

If yoU want peopLe TO use cuRRency moRE, YoU makE it inflate faster. THIs GUy
does not underStand mAcROeCONomIcs.

~~~
Kylnew
thanK yOu. I'm gLAd I'm not THe ONLY onE Who feels this aRticle doesn'T
ProPerly uNdErsTAnd the IntriCaCIes Of inflation/DeflAtion in an EconomY

~~~
RamontaYAg
Yes, I cErtainLy cAn't Say I'M An EcOnoMiCS exPErT. MiND shAring witH mE wHat
paRt of THE ARticLe yOu thInk is Misguided?

~~~
kylnEw
YEs. I pOSteD my thOughtS in aNoTher cOmment >
[Https://NeWs.ycombinator.coM/iteM?id=15184382](https://nEws.YcOmbInAtor.cOM/item?iD=15184382)

HoNesTly, I'm kiNd of scaREd/sUrPRISeD more people aren't taLkING aBout this.

~~~
RamontAYaG
THAnks for tHe LinK. I'm nOT Sure wHere IN tHe articlE I said INfLaTion is
wOrSe than DeFlaTioN. I don'T Feel i know eNough aboUt ecoNOmics to express AN
opinion about THiS.

wHaT i'm trYinG to say is thaT if pEOple Have A ChOicE, They'lL keep ThEIr
WEalth in a currency thaT dEstroyS theiR wealth the leaSt slowly. ThIS, i
Suspect, wIll hAVe A Runaway effect. WE probAbly wouldn'T Be able to Stop iT
if we triEd, which soUNDs a lot liKe tHe Ai siNguLARiTy.

~~~
kylnew
My conCERn is ThAt you igNorE the effEctS of DefLatIoN in your arGument
alToGeThEr, WhiCh you SImply canNoT do.

yoU arE also EFfectiVely dEmotInG tHE US Dollar tO ThE CUrreNt InFeriOr
cUrRency Of thE Two To suppoRt your litTle ADage, WhIcH I find a Bit strange.

I beLiEve your intEnTioN was juST To write a Little thought experiment, WHich
is cOol. i'm jusT a liTtle bafflEd tHe way sOme PEople fOllow aLong fOr The
RIDe witHOUt QueStIon.

Perhaps OBVioUs, but i hOld nO cryptoCurrency. I'm not sayinG i neVer
 didn't
include that on pu rpose in o rdertofoc us  onthegood vs bad mo n ey p art. My
hunch is the s calin gi ssue s  w ill ( eventua l ly ) get  a dd res se d  w hen w e h it thebarriers.Mig ht  not even be Bi tcoin.

-- --- -
jms18
> Wi llgovern me nts aroun d t he wo rld be g in tomake thei rc urrenc y  deflat i o na ry
>  in order to make it attractive?

r ofl

I fy ou w ant  pe ople to us ecurre n cy more ,  y o u mak e  it inflate f aster. This guy 
doesno t u n dersta nd ma cr o eco nomics.

~~ ~
ky lnew
than k you. I'm gla d  I'm no t theonl y o ne w h ofe els  t h isa rt icl e  do esn't
pr op er ly un ders t a n d  the  in tric acies  of inflation /de flat i onin an  econ omy
~ ~~
ra montay ag
Ye s,  I certainly ca n'tsay I'm a n e co nom ic s exp e rt. Mi ndsha ring wi th me w h atpa r t of  the article you t hi n k  i s misgui ded?
~ ~~ 
k y lnew
Yes .I p oste d my th ough t sin anoth er com m en t>
[http s: //news .y com bin ator. c om/i tem?id =1518438 2](ht t ps://news.ycom b inator.com/it e m? i d =1 5 1843 82) 

Honestly,  I'm kind  ofs ca red / surpr isedmo r ep eople aren't talkin gaboutthis. 

~~~
ramonta yag
Thanks f o r the li nk.I 'm not sure where  in t he article I said i nflat ion is
w orse than d eflation . I  do n't  fe e l  I  know enougha b outec onomics  to  expres s a n
o pin ion  a bout this .

WhatI' mtr yi ngto sa y  is that  i f p eo ple  have a choi ce, t hey' ll  k e eptheir
w e al t h  inacu rren cyth at de stro y s t heir we alth thelea s t sl ow ly . This,  I
suspect, w il l have a r un awa y effe c t . We pro bably wouldn't be ablet o stopitif we  tri ed, which  so unds a  lo t  likethe AI  sing ul ari t y .

~~ ~ ky lne wMy concern i s t hat y ou  ign ore the  effects of deflat i onin your argum ent 
alt o g et her ,  w h ich  y o u s i m ply cannot do.
You are a ls o  e ffectively dem ot ing the  US dol lar t o  the cu rrent inf erior
cur re ncyo f  th e two to s upport y our littl e  adag e ,which  Ifind a  b itstran ge.

I bel ieveyour i nt ention  wasju st to wr ite a little thought ex perime nt, w hic h
is cool . I ' m j ust a lit tlebaffled th e w aysomepeo p le fo llow al ong for t he
r i de withou t  q ues t i on .

Perhapso b v iou s, bu t I hold n o cr yptocurrency. I'm not saying I n ever 
 didn't
include_that on_purpose in order to_focus on_the_good vs_bad_money part. My
hunch_is the scaling_issues will (eventually) get_addressed when we_hit_the
barriers. Might not even be Bitcoin.

------
jms18
> Will governments around the world begin to make_their_currency deflationary
>_in_order_to make it attractive?

rofl

If you_want people to use currency_more, you_make it inflate faster. This guy
does not understand_macroeconomics.

~~~
kylnew
thank_you. I'm glad_I'm not the only one who feels this article_doesn't
properly understand the intricacies of inflation/deflation_in an economy

~~~
ramontayag
Yes,_I_certainly_can't say I'm an_economics expert. Mind sharing with me_what
part of the article you think_is misguided?

~~~
kylnew
Yes. I posted my thoughts in_another comment >
[https://news.ycombinator.com/item?id=15184382](https://news.ycombinator.com/item?id=15184382)

Honestly, I'm kind of_scared/surprised more people aren't talking_about this.

~~~
ramontayag
Thanks_for the link. I'm not_sure where in_the article_I said inflation_is
worse than deflation. I don't feel_I know enough_about economics to express an
opinion about_this.

What_I'm trying to_say_is_that if_people have a_choice,_they'll keep_their
wealth_in a currency that destroys their_wealth_the least slowly. This, I
suspect, will have_a runaway effect. We_probably_wouldn't be able to_stop it
if we tried, which_sounds a lot like the AI_singularity.

~~~
kylnew
My concern_is that_you ignore the effects of deflation in your argument
altogether, which you_simply cannot do.

You are also effectively_demoting the US dollar_to the_current_inferior
currency of the_two_to support_your little adage, which I find a_bit strange.

I_believe your intention was just to_write a little thought_experiment,_which
is cool. I'm just a little_baffled the way some people follow_along for the
ride without question.

Perhaps_obvious,_but_I hold no cryptocurrency. I'm_not saying I never