Here is a conversation with ChatGPT about the cons and the pros of bitcoin being inherently deflationary and where the hypothetical best use case is for bitcoin considering the design’s inherent value based on it transparent transaction tracking and difficulty to counterfeit.
“Bitcoin Deflation and Pricing”
https://chatgpt.com/share/67df637f-0544-8004-891e-682eee32c0c3
Here is an update to the conversation after realizing that bitcoin is ultimately a commodity like gold and not a dynamic currency unit that provides monetary tools and flexibility not available in a commodity. The infinite divisibility ultimately would not provide the flexibility and tools needed to preform effective monetary policies.
Monetary policy and fiscal policy both involve money, but they are to extremely different things.
https://chatgpt.com/share/67df637f-0544-8004-891e-682eee32c0c3
