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Hypothetically, if let’s say bitcoin had a fixed yearly supply of new coins, instead of the current halving each epoch and so on, would you think it’ll make it more acceptable for circulation? Yes, I know that you all want to keep it as gold and all, but if it were to be used as a regular day to day currency and not just a store of value, the deflation would definitely hurt that. What are your thoughts about that? I once asked similar question almost a year ago, and had a lot of good and not so good replies. Some admitted that in the end early adopters just want to HODL it and keep it out of circulation, further causing deflation and hurting its adoption.

(There, I made a Bitcoin note 😂)

Big Barry Bitcoin 8mo ago

How does deflation hurt its adoption?

If people wish to hoard it, and people wish to buy it, then others will follow and also buy. Adoption.

It is not the desire to sell the Bitcoin that will create a liquid economy. It is the exchange for goods and services that is still being built out.

The people that produce the things that we really want daily, like groceries, energy, and transport, they don't yet accept not prefer bitcoin. Maybe in some areas there is an alternative market but they are few and far between.

When that grows, Bitcoin will more naturally flow too. A more spendable bitcoin provides the motivation behind keeping a more liquid wallet and depositing more fiat into that instead of keeping it in fiat.

Almost everyone is oblivious to the inflation going on when it is at a "2%" rate, yet you think they would not be with a 0% rate?

Even a fixed yearly supply would trend to 0% inflation. I think you are trying to tackle tomorrow's problem today. We already have inflation, if you are seeing a problem now, then the lack of inflation has not created that.

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Discussion

The Fishcake (nostr.build) 8mo ago

I see a lot of words but I don’t fully see the point you are trying to make. We are all solving future problems, because next second is the future too.

Big Barry Bitcoin 8mo ago

My point is that I don't see a problem. So I don't see a need to fix it. I think your premise is purely theoretical, and on top of that, based on a study of economics that is today heavily criticized by many of us.

The Fishcake (nostr.build) 8mo ago

“Hypothetically…” is literally the first word of the note. Many of you criticizing doesn’t mean anything in substantial data driven way. I want to see the hard data showing the effects one or the other way before I will adopt any argument, no matter how good or bad it is.