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how the f is it reasonable to assume that it will preserve purchasing power, based on the assumption that it will be stable? I can set up a chain of assumption
by fat0wl 13y ago
how the f is it reasonable to assume that it will preserve purchasing power, based on the assumption that it will be stable?
I can set up a chain of assumptions about the dollar based on actual historical precedence & Bitcoiners will whine & whine but because Bitcoin is "so pure" or something you think it's safe to chain a set of dependent assumptions together & say "This is how its goin down"?
- 3pt14159 13y agoBasic supply and demand theory. When supply goes up, price falls. Since Bitcoin's supply does not go up after a certain point, all other things being equal it will preserve purchasing power vs the USD.
- fat0wl 13y agobut why would demand remain constant? In Bitcoin, a buyer & seller are needed in order to exchange. The idea of demand remaining constant only really holds true in a scenario where Bitcoin is the 1 world currency, and even then there are fluctuations in population and productivity. I get that you're saying all other things being equal but that doesn't really float in a real-world simulator.