I have read every single article written by you. I don’t think that, absent violence, people would want to “store wealth” in the inflationary coin built atop BTC, but rather prefer to hold BTC itself. Thus, the inflationary one would be small at best.
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.
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I believe that could be the case 100%
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Quite the opposite, I believe the economy will thrive and economic growth will be unprecedented. Check out Austrian Economics thinkers like Hayek, Hulsmann, Rothbard. Also “The Bitcoin Standard” by Saifedean Ammous. I believe a deflationary spiral is a myth.
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That's great. We have a lot of different information in our Brains. I'm glad that you are telling me what you believe is the Truth, out loud. I'm the biggest fan of anyone that does that. Do you believe credit/mortgages will be easier to get with a deflationary currency system?
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No, I believe the interest rate will be higher. The current fractional reserve system which allows both central and commercial banks to literally create money from thin air makes the cost of capital artificially cheap (interest rate artificially low).
- End of conversation
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(or a pegged sidechain)