Replying to Avatar Satosha

So how does it ensure that the prices of (at least ) the bread basket are stable ? .. I am not asking about the mass adoption effects .. I am specifically asking about the code in bitcoin core that addresses "price stability" features ..

Please enlighten me !

Asking cuz , price stability is the ONLY purpose of currency.. it allows me to enter long term contracts with my business partners .. it allows me to plan my retirement twenty years in future ..

The fiat system does it through printing and burning ( QT and QE as coined recently) .. I don't see any such provision in bitcoin code !

From a normie standpoint , deflation is way bigger problem than inflation !
Avatar
Satosha 8mo ago

Point being - Fiat system does it albeit a much inefficient manual arbitrary system .. it is broken in many places .. like 2 percent target inflation, which in reality is ten percent .. I get that ..

... but i don't see any code .. not even conversation in bitcoin community to address this .. every one is like a NGU cult .. or a " burn the system " cult .. 😭😭😭

Reply to this note

Please Login to reply.

Discussion

Avatar
Tauri 8mo ago

You simply don’t get how markets work and that’s understandable - you’ve been lied about that your whole life. A good place to start educating yourself for free is this website: https://mises.org/begin

Avatar
Satosha 8mo ago

Sure ..I am lied about it .. but tell me a single nation .. world wide .. that follows AE ! ..

Are you suggesting you are the first Buddha 🙏🙏. .. pun intended .. and every one else is a corrupted soul ! .. #humility