/biz/ - Business & Finance

>>25506980
Wrong.

BTC being deflationary is actually not a new concept for a global currency. Under the gold standard, currency was also mildly deflationary, as it reached its zenith under the conditions of improving technology as the industrial revolution spread. The overall trend of technology is to be deflationary as efficiency gains and competition cause prices to drop in real terms. This actually happened over time with the gold standard; although it was not drastic deflation.

Bitcoin with it's deflationary inflation rate obviously could be more drastic in its price appreciation in real terms HOWEVER current trends in technology are possibly the MOST deflationary technological trend in the history of civilization, far more so than the industrial revolution and over a shorter time frame. For this reason, bitcoin may actually be perfectly suited to serve as a global currency at a time when, if central banks were not hellbent on money printer go brrrr inflation, we would be experiencing massive deflation.

>>24870000
WITNESSED

>>24435357
aw lawd he comin'