>Once again storing your wealth in an inflationary coin simply makes no sense when a deflationary one exists. If we can get high-scalability with BTC I agree that is good. 0.5s Instant Confirmation with easy-to-use Digital eWallets on smartphones (thinking of grocery checkout)
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).
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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People would likely save a bit more and borrow a bit less. Instead of immediately going into credit card debt and being debt-slaves, people would have to generally earn before spending.
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(or a pegged sidechain)