splinter on Nostr: That's fair, in general though the effects of deflation are fairly well understood ...
That's fair, in general though the effects of deflation are fairly well understood and they absolutely kill economies, since people are incentivized to hold on to their bucks instead of spending them.
My argument is not that Bitcoin is useless, but rather that it's a speculative asset which makes it unfeasible as a currency.
Published at
2024-06-02 14:34:20Event JSON
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