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I agree that deflation is probably the biggest criticism of Bitcoin. The finite supply means that there's more of a temptation to sit on your heap of gold rath
by motters 15y ago
I agree that deflation is probably the biggest criticism of Bitcoin. The finite supply means that there's more of a temptation to sit on your heap of gold rather than to participate in transactions. This could lead to the currency becoming increasingly static and difficult to obtain over time. A better system would be to have a modest but constant rate of inflation, such that there is an incentive not to stash your cash for too long.