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georgesC | 5 years ago

In practice, I'd say "selected" lower level standards aren't changed but built upon. Standard tools also tends to not change much. web protocols, C, C++, php, those are not getting away despite many attempts to reinvent the wheel. Maybe someone will make a better wheel one day, or maybe not, but for me it's nice to have a starting point in the domain of p2p "exchange" that may or may not be adopted as a standard.

As for inflation, it makes it harder for the poor workers to become wealthier, but the issue is more when it stops being sustainable. Inflationary fiat has proven that it could fail. I personally don't trust those persons handling it and I feel that such sentiment is growing among people. There's reasons behind that. That is terrible for a currency. Governments may or may not start having a better monetary policy. We don't have guarantees and much control over it, that's the issue for me. I'd rather avoid an economical disaster and keep a business running than having to deal with the failure of others.

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arcticbull|5 years ago

Each of the languages you called out have changed dramatically to respond to the needs of users, which Bitcoin cannot, has not and will not do. You’re basically advocating for K&R C forever.

Re inflation again, has no impact on poor workers. The amount of value transferred to them in exchange for work is purely social policy and fiscal policy not monetary policy. You can improve workers mobility by supporting unions and minimum wage, not by changing the inflation characteristics of their medium of exchange they don’t get to hold on to anyways. None of your criticisms matter if you’ve invested your fiat.

georgesC|5 years ago

Bitcoin can change depending on the need of the users, assuming it's something accepted by them, which sounds fair to me.

As for the inflation/fiat it just seems to me that you keep ignoring the possibility of a failure of such system. A failure of such system would for sure have terrible consequences and the poor unlike the wealthier will have harder times. Investing the fiat is a good idea, not something remotely popular in my country alas. Here, saving mostly means saving money at the bank (which devalues over time). No wonder why they feel they're losing purchasing power. People who work shall earn wealth simply put, not diminished wealth if they don't learn about financial tricks from someone they trust.