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Rajat Soni, CFA 1y ago

This is one of the dumbest arguments against #Bitcoin

"The economy will grind to a halt"

No, it won't

Will people suddenly stop eating, entertaining their family and friends, or needing shelter?

Markets don't just "grind to a halt"

Prices drop to a point where we find the equilibrium price between buyers and sellers.

This is a GOOD thing.

Unfortunately, too many people are brainwashed by the legacy financial system to think inflation is good for them 😂😂😂😂

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21seasons 1y ago

Exactly. #Bitcoin doesn't make me to not want to eat or to have fun or save time by driving a car. But it surely makes me to think if I really need that third new smart phone with those cool new features within a year, or do I really need to fly twice a year to other side of the world to have vacation.

All those things mean that more resources will be saved and those who really needs them will get them cheaper.