The natural state of the free market is deflation. The natural state of the free market is deflation. The natural state of the free market is deflation.
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Bitcoin is criticized for its hard moves. Volatility is the price of the free market. The unspoken truth is we have never seen or experienced a free market pre-bitcoin. I believe Hayek would argue Hard money, moves Hard. And that hard money is the natural state of the free market. In 2012 bitcoin moved hard. Bitcoin began priced around $5.13 -lowest price recorded was ~ $4.23 in Feb. Highest point ~ $13.52 in Dec. The kenynesians created a global addiction to weak money. And Weak money is soft all the time.
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Where is the decentralized riding hailing app to show Uber some real competition. A $3 wait fee is insane. What is more insane is that there is no warning.
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