I agree with Stablecoins possibly being a holdover for hyperbitcoinization. And I have written 1 thing on how an inflationary monetary standard can be built on top of BTC (with BTC being the backing-agent). Would you like me to send you the link?
Gold was mildly deflationary and people still invented things and started companies. Yes they saved more Think of yourself personally: If you had 10 gold coins would you just sit at home and do nothing or would you go and try to achieve 10 gold coins + a House or, 15 gold coins?
-
-
>People will still spend, because they still have needs and wants. They will just spend more carefully, I buy that. What % decrease do you foresee in consumer spending as a result of us moving from 1-3% USD inflation to Deflationary BTC?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The myth that a society will collapse under a deflationary money is Keynesian, government-sponsored propaganda. They want you to believe that money *has* to be under a government monopoly because obviously it makes the government much, much stronger.
-
I believe that could be the case 100%
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
(or a pegged sidechain)