I respectfully disagree. Why would anyone in their right mind choose an inflationary coin over a fixed supply coin? Fixed-supply is Sound Money. Picking an inflationary coin goes against everyone’s *individual* self-interests. Market would never choose it *naturally*.
I think credit markets will emerge on top of Bitcoin as well, though I agree, early on they will be more expensive than status quo systems. But yeah, I definitely think fixed-supply and it being hard to change is what makes Bitcoin valuable.
-
-
Do you think it will be BTC whales lending BTC to consumers? Or will they be lending something else? Will threat of force (jail/violence/whatever) be used in case of non-repayment? If there is no threat of force, is there any incentive to pay back loan?
-
Yes, I mean banks will be centralized, and laws will still exist. It’s just that the monetary unit will be decentralized. Centralized banks as credit intermediators and custodians will still exist.
End of conversation
New conversation -
-
-
I don’t think it even matters whether inflation can trusted or not. (1) That system will certainly be changeable by the state and (2) The market doesn’t want inflation at all

-
I've summed up my Gold v Fiat argument in this tweet: https://twitter.com/ColtonRobtoy/status/1021845034214338560 … I feel most confident that it actually comes down to easy/hard access to cheap loans. In the 'cheap loans' case, inflation is the byproduct. In the 'expensive loans' case, lower SoL is the byproduct.
-
I think that's pretty good. And it makes sense in my brain. What do you think? You can never get cheaper loans than banks creating that 'Checkbook money' from their 10% Reserve Ratio requirements.
-
I agree. But I think without government loans wouldn’t be as artificially cheap as they are today. If Bitcoin succeeds, it essentially defunds the state.
-
100%. Can't get any loans cheaper than printing free money out of the air.
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.