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> an asset with known, predictable and locked-in inflation What's your definition of inflation, because by my definition Bitcoin experienced more than 100% inf

• roenxi 5y ago
  There's going to be about 300k Bitcoin created in the next 12 months, and someone more motivated to care than I am could put some tight boundaries on that estimate if they wanted to. If a bank is about to send me Euros, how many Euros will they get to create out of nothing in the next 12 months? I could probably make some educated guesses based on past rates; but there is a lot more certainty in Bitcoin. Ironically given the price swings, the actual asset involved here is more stable and predictable than any asset that has ever existed in human history. That is going to matter somehow, although I'm not going to guess how. In a very similar way to how the internet making communication effectively free had (or; is having) far reaching consequences that were difficult to predict. This sort of never-before-seen certainty is going to have consequences.
  • gghhzzgghhzz 5y ago
    land is a fixed resource, and new property is pretty predicable when you factor in planning law. speculation in property and asset price inflation in this asset class has pretty much universally been a disaster for any change of a coherent, developing and fair society. It's contributed massively to generational inequality, which has intern massively effected our politics. It's contributed to falling birth rates. It's facilitated organised crime both domestically and caused instability internationally . Plus every 20 years of so it completely crashes the whole economy.