But money expansion devalues existing holders of currency which I believe is unethical, and only works under a government monopoly on money. If money was chosen organically and voluntarily by the free market, it would very likely be a fixed-supply money, not an inflationary one.
Market will certainly choose disinflation. The reason that “loans are easy” is precisely because commercial banks can create new money from thin air, thereby debasing *every* other holder. If BTC gets big, ppl will just park wealth there instead of fiat. I think fiat will bleed
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Yes I think hyperinflation of the USD is possible bc of BTC. 'Loans are easy' is a very big perk of living in the US. It allows for a much higher SoL- get a house earlier, get a car earlier, get that 'thing' earlier. People love it. Everything else u said above is 100% true.
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And if BTC gets to Higher Values in the 'Scalability' and 'Ease-of-Use' categories, compared to Physical Fiat, then Market will choose BTC. I think, L2 BTC and Programmed Inflationary Digital Fiat will come out equal in the values of their 'Scalability' and 'Ease-of-Use' scores
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....So then we're back to guessing which property the Market will give up.
End of conversation
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