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> Yes. I consider an annual deflation rate of 2-3% just as stable as an annual inflation rate of 2-3%. Please provide a single example of a viable currency tha
by maratd 13y ago
> Yes. I consider an annual deflation rate of 2-3% just as stable as an annual inflation rate of 2-3%.
Please provide a single example of a viable currency that has deflated over a long period of time. Because bitcoin, by design, will force deflationary pricing forever.
Deflation is horrible. It is much much worse than inflation and any sustained deflation destroys the economy.
- baddox 13y ago> Please provide a single example of a viable currency that has deflated over a long period of time. Please provide a single example of a decentralized digital peer-to-peer payment network based on virtually fraud-immune proof of work. My point is that Bitcoin is fundamentally different than anything before it.