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Does community have expert economists? I mean the traditional currency markets have been around for quite a while and a lot of really smart people participated
by kia 15y ago
Does community have expert economists? I mean the traditional currency markets have been around for quite a while and a lot of really smart people participated in their development. Bitcoin has a small and immature community and there are a lot of things which require certain expertise and experience to judge about correctly.
- kiba 15y agoDoes community have expert economists? I mean the traditional currency markets have been around for quite a while and a lot of really smart people participated in their development. Bitcoin has a small and immature community and there are a lot of things which require certain expertise and experience to judge about correctly. It really depends on what school of economics you followed. If you follow keynesian economic rather than the Austrian, you will have quite different conclusion about the possible failure mode of bitcoin. Is deflation bad for the bitcoin economy? Most bitcoiners will say no because they don't buy the idea of deflationary spiral and Keynesian economics plus their experience within the bitcoin economy informs their opinion.