Re:Bitcoin mining is being banned in countries across the globe
by ClumsyPilot on Monday January 10, 2022 @02:50PM
(#29880910)
"how much importance you place on random consumption vs capital investment as the real engine of society"
Deflationary currency competes with investment, not with consumption.
For example investing in infrastructure, is a safe, low return investment. in single percentage digits. If the deflation of the currency is faster than that rate of return, then nobody will ever invest in infrastructure. People will never install solar panels on their house, etc.
Deflationary currency competes with investment, not with consumption. For example investing in infrastructure, is a safe, low return investment. in single percentage digits. If the deflation of the currency is faster than that rate of return, then nobody will ever invest in infrastructure. People will never install solar panels on their house, etc.