The price is the least interesting thing about Bitcoin nowadays. I used to check it many times a day, but nowadays try to avoid it. One time I managed to not know anything about the price for two months and that was awesome! 😀
Is freedom of speech criminal offence?
You can always put a treshold and limit payments under 1000sat to your wallet for example. Bitcoin world is free world so you'd have to price how much your attention costs by yourself.
You're wrong. When talking about scaling, the issue is validation. In Monero, people cannot run the nodes so they'd need to trust centralized entities for validation, that's much bigger problem than higher tx fees.
No, the main issue is the validation. Monero txs are larger and take more space. That means they're more expensive and harder to validate. That means less users are validating, and that means less security.
Monero txs are approximately 10x larger in size than Bitcoin txs. So what do you think?
That's what FED and SEC are also claiming
There's no such thing as "price inflation". It's a term coined by fiat institutions to distract people and to evade straight consequensies of excess money printing.
There's many things on the market that affects prices but inflation/deflation are definitely the main drivers.
Does private bank lending bitcoin always increasing the money supply?
Not necessarily. You can have debt in bitcoin but you still cannot increase the supply of bitcoin.
Government deficit spending is the same. Only then when they negotiate with fed to print more money against bonds, then inflation is introduced.
Yes, and noticed that everything in Bitcoin is always priced in, at all times. Bitcoin seems to be pure signal, nothing like everything else.
No it's not.
Inflation by it's definition means a increase in the money supply of a economy, nothing else.
Inflation have consequences, like price rises, loss of economic signals etc.
Deficit spending can also lead to price rises etc. but it cannot introduce any inflation.
He's actually correct.
Inflation is not introduced when spending money, it's introduced when banks print excess amounts of money out of thin air.
Of course, govs wouldn't be able to spend so much money so easily if there wouldn't be central banks.
Almost any problem in civilization I can think of has something to do with printing excess amounts of money.
But #Bitcoin fixes a lot in humans too!
It all starts with the time preference. You should learn what it does to humans.