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An argument can be made that if there is a 100% reliable, maybe even deflationary, store of value, it would have a similar effect to currency deflation: since i
by strogonoff 2y ago
An argument can be made that if there is a 100% reliable, maybe even deflationary, store of value, it would have a similar effect to currency deflation: since it is worth more tomorrow, then you are disincentivized to spend your wealth, and not spending wealth (not investing it in some value-producing enterprises, buying things and services) seems like a recipe for stagnation and wealth gap increase.