4 ms·
You shall not crucify mankind upon a cross of ... err... bitcoin? </snark> Anyway, in all seriousness, Bryan's speech still holds true today. Currency's role i
by jowiar 13y ago
You shall not crucify mankind upon a cross of ... err... bitcoin?
</snark>
Anyway, in all seriousness, Bryan's speech still holds true today. Currency's role is to facilitate the exchange of goods and services. The value created by doing something today decreases over time, such that a thousand years from now, it is a mere blip in history. A deflationary currency runs counter to this -- some nerds who decided to buy some video cards in 2013 end up with a measurable percent of global wealth in 2020? That bag of weed someone sold in 2011 is worth a house in 2020?