Lol, this just reminds me of one of the early anti BTC tropes. You guys remember? Who else was around in those days?https://twitter.com/NickTimiraos/status/692922294256148480 …
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Replying to @CTZN5
Basically, from the first real price spike in 2011 until recently, the 21M cap was cited as equivalent to a hard-coded neg interest rate
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Replying to @CTZN5
This was then considered by detractors as effective proof that Bitcoin must eventually fall into a "deflationary spiral"
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Replying to @BrowningMachine
@BrowningMachine also Japan, for the last several decades until very recently1 reply 0 retweets 1 like
Replying to @CTZN5
@CTZN5 @BrowningMachine Fear of deflation is distilled fear of capital.
9:02 PM - 29 Jan 2016
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