I've started thinking about things through this lens. I probably align most closely with theory 3, although I am partial to 1 as well.https://hackernoon.com/the-many-faces-of-bitcoin-1c298570d191 …
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I think "deflationary economy" is a misnomer; more accurately, the purchasing power of money (BTC) will increase with productivity, but that's a reflection of the underlying reality. I agree with the point about small losses. https://twitter.com/mhartl/status/991000733976743936 …pic.twitter.com/M0axobasUk
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Do you think an economy with 3% “deflation” vs. one with 3% inflation may have slightly different incentives i.e. hoarding vs. hot potatoes; and why “hoarding”, wouldn’t be a problem, if at all? wouldn’t BTC grow to like 100T+? haha
End of conversation
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