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Your tone implies you're unironically trying to compare 3% inflation to 20,000% deflation. That'd be embarrassing.
by BoorishBears 2y ago
Your tone implies you're unironically trying to compare 3% inflation to 20,000% deflation. That'd be embarrassing.
- logicchains 2y agoAnd you're comparing annualised inflation to the deflation over a decade, which is equally embarrassing. Regardless, all other things being equal anyone who has their own financial interests at heart would rather hold a currency that experienced 20,000% deflation since its creation than one that lost 99% of its value to inflation since its creation. Because the best predictor of future performance is past performance.
- BoorishBears 2y agoDid you just try to browbeat me for not breaking down the deflation over a time period... then compare 10 years of BTC movement to some arbitrary period of USD movement? Then top it off by claiming someone would want a currency that deflates 20,000%?
- exe34 2y agothere are plenty of places where they chop off a couple of zeros off their currency every few years.
- exe34 2y agono, no, I love 10% inflation, it's really good for employers, they can charge customers more because of "inflation", and they don't have to pay me any more, because their costs have gone up so much because of... "inflation".