Jiri,

Firstly, i'm way out of my depth on any monetary policies... so take my
points from a novice/simpleton's point of view... in that light:


>
> Well, it's enriching Satoshi regardless of whether anyone knows who he,
> she or they are. Pseudonymous enrichment is still enrichment.
>
>
It might be... assuming it isn't someone who has done it for the greater
good and did not (whether it's an individual or a group) hoard many
themselves... in the FOSS world, people do that in software all the time so
it would not be that unusual if that were the case...

The thing is that the deflationary monetary policy was clearly
> deliberately chosen — it's not the simplest or the most obvious to
> encode (that would be a constant per-block reward). At the same time,
> there's no public explanation of why that one was chosen, and the
> documentation seems to steer away from even asking the question.
>
> Why was this non-obvious policy chosen?
>

Is anything about any monetary/currency policy trivial? The current system
is far far far from obvious...


> >     In this explanation, the "currency" moniker would be a ruse, partly
> to
> >     disguise the true nature, partly as part of its marketing message,
> >     designed to appeal to a particular demographic.
>
> > isn't a currency simply something we mutually agree to give a value to?
>
> The question isn't what a currency is, the question is what is the
> primary purpose of Bitcoin.
>

To take out the middleman? To enable P2P transactions? and *take away
centralised control* ... i thought they state that in the first 5 seconds
of every video out there!


> Many pyramid schemes masquerade as multi-level marketing. Why not one
> that masquerades as a currency?
>

I think your assumption that it's a pyramid is a fallacy... it's no more a
pyramid scheme that "normal" money is... so in my opinion, it's a moot
question.


simran.



>
>
> Jiri
> --
> Jiří Baum <j...@baum.com.au>
> Sabik Software Solutions Pty Ltd
> 0413 183 117
> http://www.baum.com.au/sabik
>
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-- 
Simran Gambhir
Program Manager (Sydney), Hacker-in-Residence
ANZ Innovyz START
Phone: +61 422 543 742
Email: sim...@innovyzstart.com
Internet: www.innovyzstart.com
LinkedIn: http://linkedin.com/in/simrang

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