>>> nested_dd['d']
'hello'9,643 karma · joined May 29, 2007
>>> nested_dd['d']
'hello'Your World of Text, for what it's worth, is still going strong. It gets a lot of traffic for an art project.
Keeping this in mind has been very helpful.
> On the other hand, if Bitcoins continue to hold value over the long-term...
Is long-term one month? One year? Ten years? Why?
> There is no way a Bitcoin can be worth $122 over the long term...
What about $12.20? $1.22? Why?
That's an unfair criticism, since the arguments I address are exactly those raised by everyone else who has written on the subject.
The Felix Salmon piece linked at the top, and every other article on the subject. If there's a good one, I haven't seen it.
> I don't think that has any bearing on whether a deflationary currency is bad or not.
Of course it does. Read the "supposedly relevant" link.
This post has been in the draft folder for a while, but I decided to just run it. A better title would be "Common Flaws in the 'Bitcoin is Deflationary' Argument". There might actually be a convincing "Bitcoin is Deflationary" argument to be made, it's just that no one has made it yet.
For another approach to annotation, check out fixjam.com. I never took this past the 1-day hack stage, but I'd like to revisit it at some point. You can try it by clicking the bookmarklet and highlighting some text.