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Why would its value increasing relative to the dollar negatively effect any of those things?
by briefcomment 6y ago
Why would its value increasing relative to the dollar negatively effect any of those things?
- ryanlol 6y agoI think many people fail to realize that bitcoins are divisible in a way that cash isn’t. While massive deflation would require you to print more cash, with Bitcoin you can just use a smaller amount.
- briefcomment 6y agoThat's a surprising misconception. I hope we quickly overcome that.
- GhostVII 6y agoIt is pretty difficult to actually conduct business with an asset that changes value so much. For example a bank wouldn't want to give someone a mortgage in terms of Bitcoin if that house could be worth half as much in Bitcoin in the space of a month or two.
- ryanlol 6y agoNobody wants bitcoin denominated mortgages.