[crystaln]

Deflation is what you want for investment assets. Btc is primarily a value store and commodity like gold, not a currency. Deflation is a good thing when you are parking value.

[mrbombastic]

The original bitcoin whitepaper was titled: “a peer to peer electronic cash system”

[solumunus]

The initial intention does not change the practical reality.

[throw0101d]

>> Btc is primarily a value store and commodity like gold, not a currency. Deflation is a good thing when you are parking value.

> The original bitcoin whitepaper was titled: “a peer to peer electronic cash system”

The goalposts, they move.

[throw0101d]

> Deflation is a good thing when you are parking value.

And is deflation a good or bad thing for the livelihood and well-being of human beings?

How many people in the US has a mortgage or some kind of debt (student, medical)? Inflation makes the burden of debt easier, deflation makes it worse.

And the Top (0.)1% already has an easy enough time with parking/generating value. Deflation would only help them more (and make things hard for everyone under them).

[logicchains]

Inflation punishes savers and rewards debtors, i.e. it disincentivises the more economically productive behaviour.

[rufus_foreman]

>> How many people in the US has a mortgage or some kind of debt (student, medical)?

Approximately zero of them have debt denominated in Bitcoin. Meaning that the main drawback of deflation does not apply to Bitcoin.