[XorNot]

I don't think you understand what "investment" does in the economy.

If a currency is deflationary, there's no point to investment - investment is risky, whereas simply holding it gives it more value (this presumes a stable store of value and no alternative currencies).

This tanks economic growth, because beyond a certain quantity of wealth your savings appreciate in value faster then you need to spend them to stay alive. Whereas below a certain value of wealth, no matter how hard you work or how much you save, you will never reach that point - because you have to reduce your savings to buy the necessities of life.

Of course, its not a stable situation because the economy that goes into a deflationary spiral soon collapses, the rich get murdered, and everyone moves back into a currency which supports a proper debt-system and doesn't doom people to servitude for an actual idle rich.

[PureApeshit]

Inflation is how rich write off huge debts they have, because same 1000$ debt after 10 years is a lot less value.

Even it is true inflation pumps nonstop growth of economy - it is not practicaly possible to depend on nonstop growth or die. Hence all the crisis and ridiculousness in current economies.

There is no difference if rich people are idle because they have stocks or because they have currency. That is what richness is about - the lack of need.

Ofcourse bitcoin or other similar currency wont solve all the problems, but it is a better version of currency than the curent one for sure!

[PureApeshit]

here is good article on our discusion topic http://www.coindesk.com/bitcoin-isnt-evil-what-gives-value/