Re:The first Bitcoin post on HN
by NamTaf on Wednesday November 20, 2013 @01:34AM
(#6766651)
Splitting does not resolve the issue of deflation that is that a given unit of value (1 btc, 1000 micro-btc post-split, whatever) increases over time. It doesn't matter what you do to it or how you measure the quantity of value - if that same value is worth more tomorrow than it is today, there is a prevailing negative pressure on spending it and the result is that people will prefer to hold on to the currency rather than exchange it.
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