Replying to Avatar utxo the webmaster 🧑‍💻

If Bitcoin is fully monetized there wouldn't necessarily be noticable deflation unless goods are being produced far more efficiently, in theory deflation would track productivity increases so about 2% or so
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The Fishcake (nostr.build) 8mo ago

I would love for this to be the truth, but in reality that’s not how progress usually works, at least looking at the past

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the axiom 8mo ago

why do you think deflation hurts that?

do you think people would starve instead of spending their coin because prices would be always lower tomorrow?

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The Fishcake (nostr.build) 8mo ago

It hurts economy and exchange of goods. Food alone does not make economy thrive

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the axiom 8mo ago

you think people wouldn't buy the good they wanted because they would be constantly waiting for prices to go down until they died?