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by anologwintermut 4823 days ago
Im general I agree with you and I'm not sure bitcoin++ will work either. But I think it has to happen and fail before the idea is really and truely dead.

I think no one cares for a large number of reasons but one of them is because you'd need to trust the people who run most of those currencies(i'm ignoring the bitcoin clones) and if you are going to trust someone, might as well trust a regulated entity like a bank.

Just look at how paypal screws people? Why trust someone else even more sketchy. However, precisely because pay pall screws people it might end up being the case that there is some market for a non centralized online payment system. But it certainly can't be deflationary and it ought to avoid rampant speculation.

I wonder what would happen if every 30 minutes the currency inflated by 100% percent. It would make sure no one ever held inflatcoin. You'd just use it as a transaction medium.