Re:You don't understand money – and it's a good thing for Bi...
by sedeki on Friday November 15, 2019 @04:24AM
(#21543500)
> then bitcoin will become more valuable as a function of time simply because the amount of "stuff" increases.
> The reason deflation is bad is because it discourages investment.
I agree that economies are naturally deflationary because people don't stop working. So what? I think printing money is bad (as opposed to the concept of "inflation" which is an effect) is bad, because it distorts market mechanisms that occurr naturally - I'm talking about (more) efficient capital allocation here.
Re:You don't understand money – and it's a good thing for Bi...
by ivalm on Friday November 15, 2019 @11:19AM
(#21546072)
If you are discouraged from investing (deflationary exchange token) then this leads to suboptimal capital allocation (since money will be used neither for investment nor loans)
> The reason deflation is bad is because it discourages investment.
I agree that economies are naturally deflationary because people don't stop working. So what? I think printing money is bad (as opposed to the concept of "inflation" which is an effect) is bad, because it distorts market mechanisms that occurr naturally - I'm talking about (more) efficient capital allocation here.