Really now? They'll never find a better deal than 20% increase in purchasing power?
If this were so, which is ridiculous already, then productivity would cease growing so fast, which means that bitcoin purchasing power would increase slower, which means that opportunities that yield the same as bitcoin had previously been returning, individually assessed and risk adjusted, would become more highly valued and would get funding, so the system is self regulating. It simply selects for investments that clear a decently high bar, like, oh say, using Bitcoin as money and not losing money. I know, SUCH a high bar, almost no investment would ever happen. Psh.
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It's amazing what people will trick themselves into without verifying, and then pretend they know better than everyone else.
Really now? They'll never find a better deal than 20% increase in purchasing power?
If this were so, which is ridiculous already, then productivity would cease growing so fast, which means that bitcoin purchasing power would increase slower, which means that opportunities that yield the same as bitcoin had previously been returning, individually assessed and risk adjusted, would become more highly valued and would get funding, so the system is self regulating. It simply selects for investments that clear a decently high bar, like, oh say, using Bitcoin as money and not losing money. I know, SUCH a high bar, almost no investment would ever happen. Psh.
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you are pulling the 20% figure out of your ass but this is a fairly reasonable argument
except it basically means
"the economy will slow to reach equilibrium with the barrier to entry"
which, as I've said several times now,
is going to be A LOT slower than you think.
you just keep strawmanning my argument as being completely against deflation.