{quote} Oh, I think bitcoin would like to by anonymous... it was conceived to be anonymous, remember!But how are bitcoin transactions traceable? Please explain! How can I prove in a court of law that Gollum paid Jesus for crack ? Hey, following IP adresses is a method of investigation, not regular public recorded transactions (compliments, vanillaice !) Big difference! ____________________________________ Bitcoin needed as an alternative for what? Alternative to the CDOs maybe ?
1. As said above, the credit crisis didn't happened because the US dollar as a currency ! It was not because the money.
Credit crisis happened because the greed and stupidity from the bankers and politicians !
2. Hyperinflation in Venezuela is not caused because of the currency itself ! It was not because the money.
You can't blame the petro/bolivar or the dollar because the oil slumped.
Nor you can't blame the oil because your economy "put all the eggs in the same basket".
It's all only because bad economic structure ...and bad politics.
You get inflation if the total amount of currency in circulation increases faster than the total amount of goods and services in the economy. (common knowledge)
Then each individual dollar will be able to buy a smaller portion of the same things than before.
You can get the same rising inflation result if:
- rising in the cost of materials,
- rising the cost of labor,
- falling productivity,
- lowering taxes,
- falling exchange rates (local ccy)
- a falling domestic economy,
- a growing neighboring economy
- falling interest rates,
- buying of government bonds (by CB)
- printing of money.
There's a deep logic behind the printing money idea which can first sound almost criminal.
See below very simple explainatory pic about deliberate government-led inflation which is only supposed to be a mechanism for growing a lazy economy.
And that's not a crime as the crypto shills cryes out like crazy.
Governments often want to stimulate the economy to create more jobs, so they print more money.
Or, they can do it by increasing government debt, or by letting banks make bigger loans on the same security.
In all this cases the amount of money in circulation increase.
But the prices don't jump instantly !
It takes time for the value of money to fall.
So for a little while that can be more cash around and prices haven't yet risen.
This is a window of opportunity, economies can expand.
Now the argument of control the inflation is also that it doesn't matter if prices are going up 10% every year if wages are going up 12% !
So most economists believe that while too much inflation is dangerous, a small, consistent amount of inflation (~2%) is necessary to encourage economic growth when economy fell asleep.
That's the logic behind printing money.
Member
I mean this thread wouldn't even exist if McAfee or Naff-KPMGollum stupid shill attitude wouldn't have been so much fun on FF ...but they can't trade quietly, they feel the "intrinsic" urge to get clownish 
Alternative needed, invention, evolution, ...empty...
throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
...can't stop laughin' 
