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investments in a Bitcoin world would just have to give much higher rates of return.. I don't see how it fundamentally can't work. Also people don't realize but
by solotronics 9y ago
investments in a Bitcoin world would just have to give much higher rates of return.. I don't see how it fundamentally can't work. Also people don't realize but mathematically if Bitcoin was the size of a fiat currency its volatility would be more like a fist currency.
- fasquoika 9y agoI honestly have no idea what you're talking about. All I'm trying to say is that economists generally agree that a small amount of inflation (around 2%) is good because people will rather have their wealth in stocks/bonds/etc rather than the fiat currency itself. We want money to move around, rather than sit in someone's safe
- jimmyk 9y ago>We want money to move around, rather than sit in someone's safe It's just paper. What's wrong with it sitting in someone's safe? We certainly don't want actual productive capital assets to be idle, but dollar bills don't produce anything. If they're sitting in a safe, the value of the ones that aren't in the safe goes up slightly.