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> A Bitcoin-based economy would not suffer from this problem. Yes, it would no doubt suffer from the worse problem of deflationary episodes: * https://www.the
by throw0101a 5y ago
> A Bitcoin-based economy would not suffer from this problem.
Yes, it would no doubt suffer from the worse problem of deflationary episodes:
* https://www.theatlantic.com/business/archive/2012/08/why-the-gold-standard-is-the-worlds-worst-economic-idea-in-2-charts/261552/ https://www.theatlantic.com/business/archive/2012/08/why-the...
* https://archive.fo/FWKcL https://archive.fo/FWKcL
* https://www.vox.com/2014/7/16/5900297/case-against-gold-standard https://www.vox.com/2014/7/16/5900297/case-against-gold-stan...
We've been here before with the gold standard and it does not work very well.