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Re:Bitcoin surges in Zimbabwe after military seize power by PKop on Wednesday November 15, 2017 @11:03PM (#15710191)
Sure as it appreciates rapidly I agree. Eventually the expectation is the appreciation will slow down as X % of global currency/gold value is absorbed into the market cap of Bitcoin. At that point, you would expect to see more stability or at least slower appreciation. Then, the opportunity cost will be much lower than today.

Deflationary currencies generally will produce less frivolous spending, which is a good thing. Lower time preference [0] vs fiat high time preference of today's economy will result in much more savings and investment vs consumption spending.

Longer time horizons vs short termism that plagues markets now. Overall, an increase in prosperity and economic growth and decrease in debt and credit cycles (BTC immune to M0/M1 credit expansion and contraction = decrease in business cycle roller coaster)

[0] https://en.wikipedia.org/wiki/Time_preference

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