3 ms·
The problem of deflation is worse. There is a finite supply of btc. Read that again. Finite. in fifty years, our whenever the mills run dry, are we just going t
by leif 15y ago
The problem of deflation is worse. There is a finite supply of btc. Read that again. Finite. in fifty years, our whenever the mills run dry, are we just going to stop increasing population? Are we going to stop creating more things of value? Of course not. So what happens then? We have to start dealing in ever-decreasing payments. They will decrease as fast as the sum of things which can be paid for in btc grows, which is damn fast. Nobody will be able to afford to spend money.