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Bitcoin doesn't control you. Bitcoin isn't absolute. Everything can coexist. Blabbering on about bitcoin's "deflationary" model is as purposeless as writing incessantly about gold, coffee, national currencies, tiddlywinks, real estate, oil, and crown jewels. There will be no "bitcoin standard" written into law. Bitcoin isn't intending to be everything to everyone. Nothing is everything to everyone. No one thing is absolute. Until a day comes when we're all serving the same cyborg empire, one need not worry about being forced to have all chips in one basket. Until then, deflation and inflation of particular assets will continue to have little overall bearing. As for bitcoin, only the artificial appearance of deflation exists. It's artificial because choice is still possible. You place value into things. You decide. If you don't like or trust bitcoin (or gold) to maintain value, don't use them. If you don't like or trust national force-backed currencies to maintain value, then try not to use them. Diversify. Talking about deflation in bitcoin becomes as meaningless as talking about the deflationary aspects of dogecoin, computer parts at a point in time, or the current yield of corn. In other words... More options and competition do not contract or stifle an economy. It expands choice within a form of economic homeostasis. [Wait, but, doesn't bitcoin hurt bailed-out bankers and a debt-based society!?] Right. That's the point. That's one of its many strong competitive attributes. Every asset is predicated on faith. It's faith that it will exist tomorrow, or in ten years, and have your name on it. It's just that some people would rather not place their faith into 'US economics.' Many people like that status quo. Other people do not. Other people may, on principle, find the status quo violent and abysmal; person-to-person trade itself acts as a path to peace. It's a personal decision. Choice is important like that. |