If BTC becomes successful, how will a deflationary money supply keep the economy afloat...

If BTC becomes successful, how will a deflationary money supply keep the economy afloat? People will just sit on their money watching their wealth "grow". No investment no spending

Attached: 43914608_1481960571907672_4655398662262751232_n.jpg (904x904, 44.17K)

Other urls found in this thread:

twitter.com/RosieKawaii/status/1261657841972043776/photo/3
twitter.com/SFWRedditGifs

>no spending
Good

At some point the future after Bitcoin has been adopted (BSV) the ability to make money off of just holding it will not exist anymore. It'll be come more stable than gold. Remember this is a new technology. There is an S-Curve to adoption. We haven't even begun the leg up on the S-Curve. Remember we've been held back for over five years on scaling and only just now are getting to the point where building can take place.

So no, people in the future won't sit on Bitcoin for a profit, but they probably will be much less of a consumer of useless shit than people today.

This is why bitcoin will never work. You cant lend a deflationary currency.
Scenario. I borrow 1 Btc at 5% and buy a $9000 car.
Next year bitcoin is $20,000. The debt is exponentially more unpayable.
Unironically this is why gold is superior. The mining rate tends to correlate to population growth which keeps things balanced.

you've been brainwashed...well we all have.
deflationary money is nothing new
building will again be built to last hundreds or thousands of years.
you wont have a house filled with $2 shitty plastic cups...instead you will have fewer possessions of higher quality.
basically the move back to deflationary money produces a move back to quality over quantity.
remember that our universe if finite. only a limited amount of sunshine, corn, cows, etc. it only makes sense that we have a finite money to represent it.

>it cant work because it will reduce jewish income
ok rabbi.

Even if Bitcoin goes to $1 million each, its market cap would only be like $18 trillion dollars. That's less than the US national debt. It's a drop in the bucket. It will just become absorbed into the speculative assets market like gold and oil futures.

You understand oppertunity cost, right? Do you honestly think everyone will just baghold forever? Do you think humans have no incentive to spend just because thier savings isnt being (((inflated away)))?

Attached: friedmaaan.png (299x410, 165.52K)

People should be less concerned with growing their capital and more concerned with growing their relationships with family, community and God.

God isn't real.

Theyll spend money on things they need and things that are worth enough to actually part with their money for, and an economy that worked in this way would unironically be healthier and more stable

Oh boy user do I have some fucking news for you

Attached: 1586829114782.jpg (618x741, 72.66K)

Based

Get off my Christian board atheist scum. Come back when you repent.

don't worry BTC will never be world money

>I don't understand how lock-ins work

What's the news, user?

this confuses me greatly, why would no one lend in a deflationary economy? sure your dollar becomes more valuable over time. but since your dollar isn't losing value you could charge as low as 1% interest and still be making money.

Bitcoin already exists yet people invest and spend. Why did people buy alts instead of bitcoin?

Why lend at all? Why take the default risk for a measly 1%

economic growth comes from under-consuming resources so that we can make investments in our future

mainstream economists, politicians, and (you) are literally retarded

The Good News

>it will become more stable than gold.
AHHHAHHHHHHHHHHHH.

Would make all purchases more meaningful, you wouldn't buy shit just for the sake of it, you'd only buy things you absolutely needed

if you got the good goyim score of 800 i'd lend you money for almost free. because the chance of you defaulting is so slim. but you could charge more, and if less people are willing to lend, that means you could charge reliable people more interest.

47 IQ: bitcoin is deflationary

470 IQ: bitcoin is disinflationary

Your question is irrelevant. Privately digitally created datachains that were inflated by early "investors" will never have renowned value outside of speculation, therefore it's not and will never becone an accepted means of payment.

47000 IQ: bitcoin is disinfolationary

470000 IQ: even if it has a dick, I would
beware, NSFW link
twitter.com/RosieKawaii/status/1261657841972043776/photo/3

deflation is a meme. not saying that it doesn't exist, but I'm saying that it isn't a problem. eventually people want goods and services. When the money in their pocket is worth more today than it was worth yesterday, they'll feel rich enough to buy stuff again.

How many satoshis for her

bitcoin will never be money. period.
and thank god because investing in money is a fucking big oxymoron.

Man

>wtf is forex

Why? So they can scam me out of my capital?

>Scenario. I borrow 1 Btc at 5% and buy a $9000 car.
>Next year bitcoin is $20,000. The debt is exponentially more unpayable.

No dumbass. A loan at 5% in real terms would just mean you repay back less than 1 BTC if it's deflating fast enough.

E.g. I give you 1 BTC today ($9,000) and want 0.5 BTC a year from now (worth $10,000).

everything but investment it's like slot-machines for wannabe traders that can't sit to the poker table because too poor.

yeah lending bitcoin at negative interest seems plausible. IN WHAT FUCKING UNIVERSE?