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A comment on Systems built on trust, norms, and institutions function better than blockchain. Parent comment

Re:Systems built on trust, norms, and institutions function ... by InclinedPlane on Friday April 06, 2018 @12:53PM (#16774766)
The internet was consistently useful year after year, and more so over time. Bitcoin has been around for almost a decade and has pivoted from being a decentralized currency to being a quasi-decentralized store of value amidst a classic speculative investment bubble. It has actually gotten increasingly less useful over time.
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Re:Systems built on trust, norms, and institutions function ... by wk2jkhkjdfglsl on Friday April 06, 2018 @02:38PM (#16776050)
Yet, in general, more valuable, thus increasing in usefulness over time. 1 bitcoin in 2018 is objectively more useful than a 2010 bitcoin, as it has more buying power.

So I would argue that any deflationary cryptocurrency will more likely be more useful over time as it has increased buying power. (But not necessarily value!)

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Re:Systems built on trust, norms, and institutions function ... by InclinedPlane on Friday April 06, 2018 @04:27PM (#16777074)
That is such a silly and intellectually dishonest argument. The value of tulips in Feb. 1637 in Amsterdam was also quite high, but that didn't last, neither will bitcoin's valuations.
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