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Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by mrb on Saturday December 09, 2017 @12:02AM (#15884389)
This has been said many, many times, but I will say it again: the criticism of Bitcoin being deflationary would be valid only if Bitcoin was to replace the entire financial system. But it's perfectly fine for it to be deflationary if it's replacing only parts of the system.
Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by Udik on Saturday December 09, 2017 @02:40AM (#15884748)
Could you explain briefly why? I don't see how it can be deflationary and used as a currency, period, be it the whole system or part of it.