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Replying to Avatar samuel

My suspicion is that most don’t understand negative interest rates:

A Porsche costs 2 #BTC this year, will cost 1 #BTC next year, and 0.5 #BTC the following year. So logically I would just wait 2 years buy a newer Porsche and have 1.5 #BTC left over.

Of course it might be 0.25 #BTC the following year so I might just wait.

So if I borrow 1 #BTC at -50% interest rate I could wait 2 years but the Porsche for 0.5 #BTC pay the bank back 0.25 #BTC , and put 0.25 #BTC in my pocket.

#BTC #HODL #bitcoinstr

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

This is essentially what happened (and happens) in deflationary environments.

Example being WW1. People were hoarding cash because it would buy more later. Of course back then the USD was backed by Gold.

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