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> No one knows what would happen in an economy based increasingly around a deflationary currency, It's fun to speculate though! My guess: Debt is extremely exp
by spamizbad 13y ago
> No one knows what would happen in an economy based increasingly around a deflationary currency,
It's fun to speculate though! My guess: Debt is extremely expensive and investments are more scarce (You have to at least beat the "returns" from deflation). Doesn't sound like a very business-friendly climate but it does reward those who hold on to their bitcoins.
- uwe_dushan 13y agoProvided that Bitcoin succeeds (reaches the end of its adoption S-curve), wouldn't the deflation be simply equal to the rate of growth of the gross world product? This is currently around 4% - definitely more expensive than today's 'free' money but not insanely so...
- spamizbad 13y agoI guess it would, assuming the only currency participating in that universe is Bitcoin OR bitcoins could not be exchanged, directly or indirectly, for other currencies.