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> There is a guarantee of negative inflation. There is noone who can out of blue print 1T of BTCs and give it to rich to stimulate economy. I would count this
by throw0101a 5y ago
> There is a guarantee of negative inflation. There is noone who can out of blue print 1T of BTCs and give it to rich to stimulate economy.
I would count this as a "con" and not a "pro". A fixed money supply is one of the things that caused a minor economic hiccup to turn into the Great Depression.
* https://www.nber.org/papers/w3488 https://www.nber.org/papers/w3488
Going to the equivalent of a digital gold standard is retrogradation:
* https://www.vox.com/2014/7/16/5900297/case-against-gold-standard https://www.vox.com/2014/7/16/5900297/case-against-gold-stan...
- me_me_me 5y agoThat is literally what I said. My point is that BTC has built in promises that cannot be broken.