Hmm, to me, the number one would be the threat of government persecutions defending their fiat monopoly.
Necessity of inflation was always rather something that economists learn to repeat, but don't really think through the deflation fears there.
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it does make you wonder why government won't do more to fight bitcoin ...
like if i was government and existed by printing money i would murder every single last one of you by burning you and your entire family alive ...
yet they do LITERALLY NOTHING
bitcoiners have yet to explain this ...
The deflation being bad argument may have started as a post facto way to justify policy but many educated people now believe this earnestly.
As for the threat of government fiat monopolies, do you mean that most people just look at it from a pragmatic standpoint and think, they ain’t gonna let that happen?
If that’s the case I think it’s in a different class in the sense that critics have to at retreat to arguing with respect to outcome instead of correctness.