Replying to Avatar threeseries

I wonder if this ethic of "holding" and effectively removing money from circulation would in fact be very damaging economically if done on a large enough scale. As much as bitcoiners lambast fractional reserve banking, the access to liquidity it provides does serve a useful purpose.
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Seth For Privacy 2y ago

It absolutely would, combining "hold" mentality and a deflationary currency without credit generation would be a massively repressed economy.

Not to say that's necessarily all bad, but if no one spends, no one gets credit, and the supply is always decreasing it's, uh, not good for businesses 😅

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