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That's not what he said. Fixed supply means deflation, regardless of how many units exist as long as population and economies grow. Economists generally consi
by gnaritas 13y ago
That's not what he said. Fixed supply means deflation, regardless of how many units exist as long as population and economies grow. Economists generally consider deflation a very bad thing that kills economic growth and creates artificial recessions.
- sneak 13y ago> Economists generally consider deflation a very bad thing that kills economic growth and creates artificial recessions ...except that bitcoin doesn't exist in a vacuum. It's not the exclusive currency of anyone, and never will be. Bitcoin doesn't affect economies.
- gnaritas 13y ago> ...except that bitcoin doesn't exist in a vacuum. No currency exists in a vacuum, this is a meaningless point. > It's not the exclusive currency of anyone, and never will be. You don't and can't know that. > Bitcoin doesn't affect economies. It will if it gets mass adoption, so again an irrelevant point since we're talking about its future, not its present.