Bitcoin is deflationary. Meaning the longer you have it the more valuable it gets. Meaning there is absolutely no incentive to spend it since you making money simply by saving it. After some point why would anyone bother providing other services? Once you make it, it doesn't make sense to work since you can just sit on your ass and let the cash roll in. And this disproportionately affects the rich (the most productive members of our society) who we rely on for many of our life necessities in the modern world like food, water, shelter, medicine, not to mention technology, resources and energy. Also why would the poor spend their money when they just need to penny pinch to save up enough to "make it" after a few years? It starts with ramen noodles but pretty soon they'll be mass fasting living life on maintenance mode. The powergrid will be shut down, hospitals will close and one day food supply chains will just cease completely.
>humans are inherently abstemious and forward-thinkingCool sci fi concept kinda unbelievable though got any more?
>>61196523>And this disproportionately affects the rich (the most productive members of our society) who we rely onNice bait, kike.Sitting on vast assets, insider trading and charging interest on money you printed out of thin air does not make you a "productive member of society".
>>61196523It's true there's literally no reason to sell when it just increases in value. Even when it dips, nobody is dumb enough to sell it. Mining is your best bet. Even so, the vast majority of Bitcoin is owned by the U.S. and PRC governments. It is already regulated and not anonymous (KYC) and will soon be completely replaced by CBDCs which will be tied to a national ID which will be tied to a social credit system. All this completely defeats the original purpose of bitcoin to circumvent regulation and provide anonymity. Don't forget a new crypto can be invented every day, whatever the next big speculation is. But scammers pump it, get all the retards to go all in, then rug pull. This happens routinely. The whole idea is a pyramid scheme.
>>61196523Bitcoin is inflationary. Something having a lower rate of inflation than you'd like is not enough to call it deflationary. There are new bitcoins being mined right now.
