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Bored Satoshi

We do not need inflation

nami 1y ago

Still we have it though...

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Bored Satoshi 1y ago

Bitcoin doesn't :P

nami 1y ago

Doesn't till now because bitcoin is not everyday money. That's the point anyway. So, can you guess what happens if doesn't ever be used as everyday money after the last halving? Why it's quite the possibility that it will deflate?

Bored Satoshi 1y ago

If it isn't used for everyday money by that time we have lost and the nation states have won.

nami 1y ago

Somehow yes. If you need money and you can't use it because only a handful of people accept it, then why keeping them, then deflate. Quite simple also...

Laeserin 1y ago

Bitcoin precludes monetary inflation. Prices can rise for other reasons, but then they have to go down elsewhere, eventually.