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How is bitcoin deflationary when the price has fallen 50% or so in the past year, and appears to be highly correlated with tech growth stocks?

• olalonde 4y ago
  Bitcoin critics: A deflationary money is bad because people will not spend it. Also Bitcoin critics: Bitcoin is not deflationary.
  • usrn 4y ago
    I'm not convinced deflation is worse than inflation anyway. With deflation people hoard currency and with inflation they hoard assets.
    • ephbit 4y ago
      I'd go even further: inflation is setting the incentive for full throttle in the economy. When you're seeing one extreme weather event after the other and a climate catastrophe is imminent, is it a reasonable choice to run the world economy at full throttle, considering that this economy is still based on ~ 80 % fossil energy? It's like when your car is speeding towards a concrete wall ... and you keep your foot on the gas ... because you "want to make a really fast turn to the side to avoid the wall".
  • kareemsabri 4y ago
    This is a strawman. I would certainly see the value in a deflationary asset. Is your claim Bitcoin is deflationary, and if so how do you define deflationary?