2 ms·
Doing what you suggested would very much destroy any value existing in BTC. The USD is not actually a reference in terms of store of value. It's deflationary p
by brg444 12y ago
Doing what you suggested would very much destroy any value existing in BTC. The USD is not actually a reference in terms of store of value.
It's deflationary property is a feature, not a flaw.
- joelhaus 12y agoNot proposing doing anything to Bitcoin, it's an idea for controlling the supply of a new crypto-currency. | It's deflationary property is a feature, not a flaw. I studied this while getting my economics degree. Methinks you are missing some important behavioral dynamics related to interest rate interactions with consumption and investment. Here's a lesson from the fed: http://www.philadelphiafed.org/education/teachers/resources/fed-today/Functions_and_Characteristics_of_Money_Lesson.pdf http://www.philadelphiafed.org/education/teachers/resources/...