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I disagree. inflation is _a_ motivator for exchanging currency for other assets/services. But i don't think it is a primary motivator. Inflation/deflation is
by lukesandberg 14y ago
I disagree. inflation is _a_ motivator for exchanging currency for other assets/services. But i don't think it is a primary motivator. Inflation/deflation is only a strong motivator in abnormal circumstances. With 2-3% inflation my primary motivation for buying things is way more about the transaction itself (do i want this thing) than any concerns about finding a durable store of value.
- meric 14y agoBitcoin has much higher than 2-3% deflation. It's value is increasing at a very fast rate relative to the increase of the price of goods.