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by csomar
1182 days ago
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You got it wrong. The interest rate is used to manage the supply based on the rate/velocity of the economy. Not the other way around. If people want to build businesses, get married, have kids, build products, buy/sell, speculate, etc... having an interest rate, bitcoin, paper or gold, it simply doesn't matter. Places where the financial system is broken will use alternative means of payments. Bitcoin is flexible. If there is a certain demand or necessity, people can build on top of it. |
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Yes. 2-10000x (or whatever, depending on how rich you are) less than they do now. If hoarding money always provides a better return than investing or borrowing it why do anything else besides spending the bare minimum?
> Bitcoin is flexible
How exactly? AFAIK it has close to zero flexibility compared to Fiat money.
I'm sorry but overall I really don't understand what are you trying to say. Supply of money in relation to economic growth matters and it matters a lot. It's not just about 'means of payments' that is the easiest part.
> If there is a certain demand or necessity
Well there is no way to increase the supply of bitcoin? Is there?