News for hackers. Stuff that matters.

A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by dia80 on Wednesday March 31, 2021 @04:11PM (#26652473)
Deflation. The price of the burger in BTC has largely been falling. Why spend your appreciating* bitcoins when they will bu worth more tomorrow. If the price is stable this effect goes away and you might as well spend them.

* Who knows if this will continue

[ Parent | on HN ]
Re:The political case for a blanket cryptocurrency ban by midasuni on Thursday April 01, 2021 @02:27AM (#26657216)
Even if BTC hadn’t had it’s ridiculous boom since October, it’s still deflationary from the simple fact every day there are fewer bitcoins as people lose keys.
[ Parent | on HN ]