View quoted note → You don't even acknowledge your own statements. You're useless.
Hanshan's avatar Hanshan
Hey you know what? Not only is fiat money responsible for endless wars and destruction, but it's also responsible for the internet and smartphones and countless other modern conveniences. I'll take peace and pastoral bliss over war and technology any day, but Bitcoiners should probably think a little about how they're going to incentivize capital investment. #bitcoin
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> Not only is fiat money responsible for endless wars and destruction, but it's also responsible for the internet and smartphones and countless other modern conveniences. What is this then? Fiat money responsible for the Internet and smartphones? I used an iPhone in my post, sorry. The causal relationship is intact.
> but point out that deflation conditions (ie a fixed amount of monetary units and growing economy) disincentivize spending and investment What does this mean if not growth and prosperity? Stop clinging on to semantics and accept your chain of thought is flawed and try to learn something, Mr. Critical Thinking Skills.