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Sure it is. As more goods get made relative to bitcoin, and more people come to exist, the prices of goods & services must come down relative to bitcoin in ord
by Rury 6y ago
Sure it is.
As more goods get made relative to bitcoin, and more people come to exist, the prices of goods & services must come down relative to bitcoin in order to avoid liquidity crises - especially since the number of bitcoin is set to be capped (while population and goods aren't). Bitcoin instead was designed to handle this problem via trading in fractions such as satoshi's.
- EVa5I7bHFq9mnYK 6y agoThe "it" in the phrase "it is not so" relates to the phrase "spending bitcoin is economically irrational". It is economically rational to spend bitcoins because a person wants to enjoy some of her wealth before she dies. That is the only reason I have sold part of coins I mined in 2011.