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There won't be a liquidity crisis only if all people dealing with bitcoins will accept to lower their prices in response to the deflation of the currency - this

There won't be a liquidity crisis only if all people dealing with bitcoins will accept to lower their prices in response to the deflation of the currency - this would include workers paid with bitcoin. Not very likely. Would you accept to be paid less and less every year (month, week...)?

drcode 14y ago
> Would you accept to be paid less and less every year (month, week...) Because they'd be able to buy more and more with that money, obviously.
- ars 14y ago
  If everyone changed their prices, and their salary all at once you did nothing at all. You just changed a number - you didn't increase the money supply at all. i.e. the total amount of purchasing power didn't change.
  - drcode 14y ago
    Exactly- So the claim that deflation (i.e. decreasing prices) will hurt liquidity is false.
    - ars 14y ago
      How did you manage to get that from what I wrote? Of course deflation hurts liquidity - if you have less money, there is less floating around for people to use.
      - drcode 14y ago
        Less money in denomination, but the total purchasing power isn't less.