[dangero]

Gold being valuable isn't the point. In fact, I think calling bitcoin deflationary indicates the belief it will actually be more valuable in the future.

Question for you regarding your reference to forced inflation and consumerism: Do you believe there would be even a temporary economic collapse if the world were to suddenly move to a deflationary currency? If so, how many months/years would the collapse have to last before you would say that the transition to a deflationary currency isn't worth it?

The reason I ask is because while fundamentally I have a lot of problems with our financial system, I've come to the conclusion that historically there were periods of recession that lasted hundreds of years. I just don't feel that my lifetime in a bad transition economy is worth the sacrifice of moving to a "better" financial system. I'd rather just keep the status quo as it slowly degrades to something worse and worse since I think that's the best outcome for me. It's a selfish outlook, but I have to believe it's the outlook of most people and that's why we are where we are right now.