Re:The first Bitcoin post on HN
by steveklabnik on Tuesday November 19, 2013 @06:23PM
(#6765243)
You don't buy things in HDTVs so that doesn't really matter.
[ Parent
| on HN ]
In the frame of a single transaction, and the point I'm making, it doesn't matter which side of the purchase equation causes the deflationary more-for-your money effect.
The point is that the more-for-your-money effect does not stop even discretionary purchases like TV's from happening.
It slows some things like computer purchases. Puts a lag on a variety of things.
Also, why bother to invest money if you can just sit on the cash and benefit from everyone else's economic activity?
Deflation bad.