Hacker News new | ask | show | jobs
by ItsMonkk 1837 days ago
> Bitcoin is wildly deflationary. Therefore it does not encourage an economy to function

With the rapid increase of the Money Supply of the USD, this is no different than any other Asset, especially Buyback driven stocks(where the supply diminishes over time!). To store value you also need to hold onto them with white knuckles. It also does not encourage an economy to function, hence why our GDP growth has slowed to a halt.