"It is clear that inflation is bad for the citizenry."
No. It is clear that both hyper-inflation and deflation are bad for the citizenry. However, modest inflation is generally a net positive.
"yet [inflation] has been done throughout the ages by every dying civilization." Do you have any real data for this? Sounds like bullshit to me.
Also, it seems preferable that government be in control of the currency rather than random speculators. Controlling the currency can be a useful tool if used responsibly. If you have bad government, then bitcoin isn't going to save you.
No. It is clear that both hyper-inflation and deflation are bad for the citizenry. However, modest inflation is generally a net positive.
"yet [inflation] has been done throughout the ages by every dying civilization." Do you have any real data for this? Sounds like bullshit to me.
Also, it seems preferable that government be in control of the currency rather than random speculators. Controlling the currency can be a useful tool if used responsibly. If you have bad government, then bitcoin isn't going to save you.