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> as a fixed-quantity asset it is inherently noxious as a currency Why?
by cgmg 9y ago
> as a fixed-quantity asset it is inherently noxious as a currency
Why?
- ufo 9y agoIt leads to deflation, which Bitcoin supporters seem to view as a good thing, for some reason.
- qubex 9y agoNot to blow my own horn excessively, but I get asked this a lot, so here’s my standard response (written about ten days ago, YMMV): https://medium.com/@jamesjunghanns/my-0-00000173120-btc-a-practicing-orthodox-macroeconomists-unsolicited-views-on-bitcoin-543da352fc49 https://medium.com/@jamesjunghanns/my-0-00000173120-btc-a-pr...