[ben_w]

> Bitcoin is not deflationary. It just has a fixed supply.

Theoretically, yes, albeit with spherical cows in a vacuum models of how economies actually function.

Practically, keys get lost, so it's deflationary even if it totally replaced existing currency and everything else became steady state.

> They should be rewarded for the risk they're taking on, having invested significant amount of their net worth in the face of harsh criticism such as yours.

If "harsh criticism" was sufficient reason to deserve money, I'd still use my Twitter account to have angry conversations about things that don't matter.

[qwytw]

If you assume the economy is non stagnant it's always deflationary from the CPI perspective.