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by girish13
4817 days ago
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"Deflation is terrible" is a myth propagated by mainstream economists. Its probably true for the fiat money, fractional reserve (fictional reserve?) system we live in but Bitcoin by its construct is a very cool experiment to see if an alternative would work. The smartphone industry has been in continuous deflation for years - you can buy a better phone or same phone cheaper if you wait a year. But that dosent stop us from buying now does it. Hasent caused a recessionary death spiral yet. |
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