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> that doesnt hold for a deflationary currency I think crypto proponents in general share this inability to understand the fact that one of the most basic trai
by motorest 2y ago
> that doesnt hold for a deflationary currency
I think crypto proponents in general share this inability to understand the fact that one of the most basic traits of money is stability of it's value, and anything that fails to meet this basic requirement is simply useless as a currency.
- GoblinSlayer 2y agoUseless after IMF bribed you with a huge pile of money.
- npoc 2y agoBitcoiners understand it well. They realise that in order to stabilise in value and become a unit of account, it has to grow close to it's ultimate potential as a store of value first. Which in the case of bitcoin is potentially well over $100T market cap. This is why El Salvador is likely willing to back down in the currency aspect for now and focus onto accumulating and holding bitcoin reserves.