linshixiong
@linshixiong
....So what I really think deflation does is provide an incentive to critically think before going off and speculating, "investing", or wasting money on frivolous things -- because money will be worth more if it isn't trying to be spent as quickly as possible (mindset of the current wealthy elite in society). I think it truly helps those without the ability to invest (the less wealthy), as their wealth is not unknowingly being eroded as time goes on.....
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linshixiong
@linshixiong
So if bitcoin in spite of high volatility generally has an upward price, then it acts like a savings account with an actual interest rate? To be competitive with savings in bitcoin, how would the US$ need to change? It'd need to have an interest rate, right? But then the US government could not begin to pay interest on it's debt. And so here we are...
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