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This has been said many, many times, but I will say it again: the criticism of Bitcoin being deflationary would be valid only if Bitcoin was to replace the enti
by mrb 9y ago
This has been said many, many times, but I will say it again: the criticism of Bitcoin being deflationary would be valid only if Bitcoin was to replace the entire financial system. But it's perfectly fine for it to be deflationary if it's replacing only parts of the system.
- Udik 9y agoCould you explain briefly why? I don't see how it can be deflationary and used as a currency, period, be it the whole system or part of it.