Bitcoin is fiat money, too

Re:Bitcoin is fiat money, too by rblatz on Saturday September 23, 2017 @01:53AM (#15318374)

And that’s why the fed ensures we have a mildly inflationary currency. If it deflated spending would drop, cutting the velocity of money, and cutting out economic growth.

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Re:Bitcoin is fiat money, too by 0x445442 on Saturday September 23, 2017 @08:19AM (#15319410)

"If it deflated spending would drop"

That statements not a given. If it were so, people would not use credit cards.

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Re:Bitcoin is fiat money, too by rblatz on Saturday September 23, 2017 @11:15PM (#15323115)

That’s interesting, I’ve never thought about credit cards as a sort of deflationary virtual currency.

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Re:Bitcoin is fiat money, too by seanot on Saturday September 23, 2017 @08:55AM (#15319524)

You're discounting the technology sector and nearly the entire 19th century.

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