@bascule It sounded like he was saying bitcoin supply, unlike USD, is predictable and hyperinflation in fiat isn't unusual.
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Replying to @stevedekorte
@stevedekorte he changed the subject. The VC guy sitting next to them acknowledged the validity of Bitcoin's volatility3 replies 0 retweets 0 likes -
Replying to @stevedekorte
@stevedekorte well, in the case of Bitcoin it happened a few days ago, heh1 reply 0 retweets 0 likes -
Replying to @stevedekorte
@stevedekorte I think the fact this isn't an apples to apples comparison is the point. 6000% deflation benefits hoarders not spenders1 reply 0 retweets 0 likes -
Replying to @stevedekorte
@bascule More to the point, prices are a product of demand and supply flow, so "hoarding" doesn't reduce the amount of usable resources.1 reply 0 retweets 0 likes -
Replying to @stevedekorte
@stevedekorte there's tons of people with vast Bitcoin reserves who aren't selling because they're speculating about even higher prices1 reply 0 retweets 0 likes
@stevedekorte my point/OP's point is Bitcoin has a lot of "adjustments" in its future before the price can be considered close to stable
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