3 ms·
I do think it’s counterproductive that it was even possible for people to use Bitcoin as an asset. I doubt that Satoshi foresaw Bitcoin billionaires. Currencie
by thehappypm 5y ago
I do think it’s counterproductive that it was even possible for people to use Bitcoin as an asset. I doubt that Satoshi foresaw Bitcoin billionaires.
Currencies have historically worked that they’re stable (ish). And to become rich you have to acquire more units. Not hope your units grow in value. If you expect appreciation then your currency is deflationary which makes it unsuitable for a currency.
- atatatat 5y agoSo, the USD, which has been inflated every time they expanded the empire over the last XXX years, but their citizenship/working class feels it's deflationary, so they keep chasing it as fast as they possibly can...?
- thehappypm 5y agoWhat?
- atatatat 5y agoYou're claiming inflationary currencies have never been suitable. Nonsense. Until recently, we've seen the currencies of large empires like Britain and US do nothing but inflate, yet their currency and their economies function just fine.
- thehappypm 5y agoNo, I'm claiming deflationary currencies are unsuitable. Inflationary currencies are much more desirable, which is why the world powers tend to have slightly inflating currencies.