Replying to Avatar kyle-moore

wouldn't there be less deflation and less incentive to hold on to coins?
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Hanshan 2mo ago

i mean

who knows?

but its deflationary in proportion to economic growth right?

likely a feedback loop where theres low deflation but because theres nothing to buy, ie no economic growth.

OR

some large players are making growth happen, but plebs avoid spending because the investments of other people make their purchasing power grow.

either way its not good.

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kyle-moore 2mo ago

well economic growth and contraction only effect prices once were on a bitcoin standard. current bitcoin deflation is being driven by adoption as a saving tool.

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Hanshan 2mo ago

its being driven by speculative investment.

those deep pockets want more USD, not Bitcoin.

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kyle-moore 2mo ago

I think thats the froth on the top of every cycle but there is a growing base of self custody savers in bitcoin. They are just hoping that one day sovereign private layer 2s open up