4 ms·
Bitcoin is deflationary, and every modern economy is run on inflation. Bitcoin is popular with the types who hold gold and are mad that the bag of cash under t
by admax88q 5y ago
Bitcoin is deflationary, and every modern economy is run on inflation.
Bitcoin is popular with the types who hold gold and are mad that the bag of cash under their mattress loses value every year.
Deflation is bad for economies, it incentives hoarding instead of spending. And oh look, bitcoin is primary hoarded, and at 10 TPS is definitely not optimized for spending.