2 ms·
> If that was the case, wouldn’t we see inflation in USD prices for a basket of goods? Isn’t inflation very close to zero? Given the rate of artificially keepi
by spurgu 6y ago
> If that was the case, wouldn’t we see inflation in USD prices for a basket of goods? Isn’t inflation very close to zero?
Given the rate of artificially keeping the economy going by printing money at unprecedented rates I'm surprised the house of cards hasn't come down a long time ago.
> Others say they are sick of talking about BTC price and would rather focus on its utility.
Perfect example of its utility is the other day when Pornhub started accepting bitcoin after Visa/Mastercard shut down their transactions. Drugs are another obvious one. A third one is not being controlled/manipulated (at least directly) by governments.
> Your options if you hold it are to buy something with it today or to hold onto it for a short period of time and buy 2 things with it later.
This hasn't deterred people from buying computers/smartphones, even if they know they can get a better one if they wait a year.