> Bitcoin is not deflationary. It just has a fixed supply.
Exactly. As the economy grows BitCoin will increase in value because its supply is fixed (not even gold or silver were even remotely as bad and when they were used as currencies).
Imagine a financial system with huge * huge interests rates * and and * huge deflation *. You can't because no central bank is run by people who are stupid and insane enough to try that? Well...
Something like that is 100% guarantee is btc becaomes a global currencies.
> They should be rewarded for the risk they're taking on, having invested significant amount of their net worth in the face of harsh criticism such as yours.
No they shouldn't. They contributed nothing to the society or economic growth. Even people investing in Credit Suisse should better rewarded than them from that perspective. Of course if there are other people willing to pay them huge amounts of money (yes money, not bitcoin) for their token well... it's their business).
> Bitcoin and "crypto" are completely different beasts. Cryptos are unregistered securities masquerading as Bitcoin 2.0.
Many other cryptos, well pretty much every one that doesen't have a fixed supply, like DogeCoin for instance would make much, much better global currencies than bitcoin.
Exactly. As the economy grows BitCoin will increase in value because its supply is fixed (not even gold or silver were even remotely as bad and when they were used as currencies).
Imagine a financial system with huge * huge interests rates * and and * huge deflation *. You can't because no central bank is run by people who are stupid and insane enough to try that? Well...
Something like that is 100% guarantee is btc becaomes a global currencies.
> They should be rewarded for the risk they're taking on, having invested significant amount of their net worth in the face of harsh criticism such as yours.
No they shouldn't. They contributed nothing to the society or economic growth. Even people investing in Credit Suisse should better rewarded than them from that perspective. Of course if there are other people willing to pay them huge amounts of money (yes money, not bitcoin) for their token well... it's their business).
> Bitcoin and "crypto" are completely different beasts. Cryptos are unregistered securities masquerading as Bitcoin 2.0.
Many other cryptos, well pretty much every one that doesen't have a fixed supply, like DogeCoin for instance would make much, much better global currencies than bitcoin.