i just bought 100 dollars in bit coin stuff, now what?

[palou]

SickleSigh said:

palou said:

It assumes either endlessly, consistently increasing participation (lol) or endlessly, consistently improving hardware (more likely what they were going for, but I can't really see that happening either.)

Grats on describing supply and demand. Why would you generate more of a currency for no reason? Oh that's right the Fed injects stimulus in their pockets because we need more inflation. Why are people okay with a tiny elite controlling all wealth yet the "illuminati" is scary. Bernanke was great at giving kickbacks through QE and socialized all their debt. But the DOW is equivalent to everyones well being apparently. Market has never been higher, so why are so many still poor after 08?

A negative interest rate (which would be the result of a fixed quantity of currency in a growing economy) would mean that people that have already accumulated wealth get richer just by waiting. Normal inflation, on the other hand, forces the rich to spend their money, increasing "money flow" to the worker. Also, new money is usually introduced as cheap credit, which allows people currently lacking funds, but working, to buy stuff. 

I fully agree that the US has issues regarding inequality, getting rid of the fed is NOT the solution you're looking for.