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Exactly. I'm also growing tired of people endlessly repeating the 'deflation is bad' mantra. Even if we agree to call what will happen to bitcoin 'deflation', t
by jwr 14y ago
Exactly. I'm also growing tired of people endlessly repeating the 'deflation is bad' mantra. Even if we agree to call what will happen to bitcoin 'deflation', the argument that people will just stop producing and just hold on to their money is bogus. Does it describe you? Because it certainly does not describe me.
- dragontamer 14y agoAre you willing to loan out your bitcoins? Do you believe that you will be able to purchase say... a house or a car using bitcoins? Do you think any financial institution will come out and loan you bitcoins? As a financial instrument, this massive deflation will prevent any form of financing (ie: Credit Cards, Mortgages, Car Loans, etc. etc.) from growing inside of the Bitcoin world.
- rjtavares 14y agoAre you willing to provide services for a BTC denominated amount?