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A comment on The first Bitcoin post on HN. Parent comment

Re:The first Bitcoin post on HN by ericb on Tuesday November 19, 2013 @07:27PM (#6765595)
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.

[ Parent | on HN ]
Re:The first Bitcoin post on HN by Nursie on Wednesday November 20, 2013 @03:17AM (#6766900)
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.

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