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 …
-
-
-
Saying it should read disinflationary?
1 reply 0 retweets 0 likes -
You could say that. The total eventual supply of Bitcoin is completely fixed, so in the limit it's neither inflationary nor deflationary by definition. It should read "fixed", "limited", "bounded", or the like.
1 reply 0 retweets 4 likes -
Replying to @mhartl @Adam_Tache and
it will be mildly deflationary due to key loss + it will be a deflationary economy due to the fixed supply, but yes I agree the term disinflationary is more appropriate
1 reply 0 retweets 2 likes -
Replying to @MustStopMurad @Adam_Tache and
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
2 replies 0 retweets 2 likes
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
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.