IMO a deflationary currency will decrease in supply to the point where it triggers the downward spiral (economic activity grinds to a halt). The currency should not outpace the value of the goods/services it is meant to buy. Bitcoin is not deflationary due to its infinitely divisible nature. 99% of its supply could be destroyed and it would still be able to function perfectly as a currency forevermore.
The top 1% of bitcoin holders hold 27% of its supply. Give me a effin break. Bitcoin is nothing more than a store of value
Bluntly put, you have no idea what ur talking about. Bitcoin is nothing but a fad that was started in 2009 in the US and countries where Cryptos are not adopted, it has nothing to do withe deflation nor disinflation show me an economy that doesn't print money, i'll show you a El Salvador, which officially adopted Bitcoin y in 2021. since then, the Gov reserve has lost 37% of its value In El Salvador, bitcoin can be inflationary. deflationary an or disinflationary show me an eoonomy that doesn't use fiat currency, i'll show you i'll show you a El Salvador, talk is cheap do you know of any fiat currency that has lost 37% of its value since 2021
This is a complete non-response devoid of substance. Do better. You might want to find a more recent article. The link that data is pulled from paints a much different picture now, up 50%. https://www.statista.com/statistics/268225/countries-with-the-highest-inflation-rate/ https://worldpopulationreview.com/country-rankings/inflation-rate-by-country Turkish Lira - down 76% Argentine Peso - down 91% Surinamese Dollar - down 54% Sudanese Pound - down 90% Egyptian Pound - down 66% Malawian Kwacha - down 55% Japanese Yen - down 34% Russian Ruble - down 34% Loatian Kip - down 58% Sri Lankan Rupee - down 37% Pakistani Rupee - down 44%
I'm sorry but do you think 1.2 trillion is anything substantial in the global picture? That's crumbs when it comes to global finance
That sounds like a bitcoin could essentially act like a fiat currency. If you can continue dividing it to you could then dilute the original Value of it.
Considering it's the 9th most valuable asset in the world, how much does something have to be worth to be "substantial" in your eyes?
These bitcoin fanboys are some of the most delusional people in the world @DonnyMost . The reality is the vast majority of bitcoin is being held by less than 1% holders. If there's anything that's manipulated it's bitcoin
You haven’t but if you’re using pizza as a medium of exchange and don’t want deflation you say that 1/8 of the pizza has the value of a whole pizza that would be inflation.
Yes bitcoin is a store of value aka digital gold. Nobody disputes this. Claiming it's a currency is utter braindead. It can never have a fast enough hashrate to act as an currency. It's a good store of value and nothing else
That is the fiat mindset. It's more important to be concerned with how many dollars you have than the quality of the money (dollar). In otherwords, size doesn't matter .... said nobody ever.
"Quality of the dollar" lol the quality of bitcoin is fully reliant on a small group of holders who hold the vast majority of bitcoin. If yall think the dollar is rigged wait till you folks find out about bitcoin and the uneven distribution of holders
