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by tormeh
4315 days ago
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BTC is deflationary. Central banks will set stuff on fire to avoid deflation, but BTC is deflationary by design. BTC is dumb, basically, and unfit for being what wages are given and loans taken in. Euro inflation is 0.2% or something like that and the ECB is not only demanding money for bank-to-ECB deposits, but giving away ECB-to-bank loans for free. Soon it's going to start buying government bonds. If that doesn't get inflation back to norm helicopter cash-drops are probably next. |
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