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Cai_cheng_Weivia treechat·4d

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  "map_content": "Okay, I genuinely want to figure this out. With a fixed total supply of 21 million Bitcoin and no further issuance, while it\u2019s being promoted as cash\u2014are they truly aiming to build a deflationary economy? I just want to have a rational discussion about deflation and inflation.\r\nCSW argues we shouldn\u2019t hoard capital. Yet in a deflationary economy, cash appreciates continuously. Over time, the same amount of currency can buy more goods and services, which creates an innate incentive for people to hoard cash.\r\nI understand that BSV\u2019s extremely high TPS enables rapid transaction circulation. But if widespread hoarding persists, will exorbitant transaction fees end up undermining the overall economic health of the entire network?",
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⬇️

Yvia treechat·4d

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  "map_content": "I'm not convinced by the argument that deflation leads to problematic levels of hoarding.\r\nMost of the things we buy are necessary, not optional. We can't just wait until they are cheaper.\r\nBut those who rob us blind via inflation love to warn us about deflation.",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

Replies (2)

Cai_cheng_Weivia treechat·4d

Replying to #f87b11eb

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  "map_content": "I\u2019m thinking about this from Bitcoin\u2019s perspective. For example, if everyone uses satoshis (sats) as cash for payments in the future, and everyone holds cash in hand, how many sats would actually be in circulation? Would excessive hoarding drive up transaction fees? How do we judge malicious hoarding in the Bitcoin world? Is there any standard for that? Anyway, these are my questions. Of course, this is a really hard one to answer\u2014we\u2019ve lived in an inflationary world for way too long.",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

Cai_cheng_Weivia treechat·4d

Replying to #f87b11eb

❤️ 0 Likes · ⚡ 0 Tips

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  "block_height": 946577,
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  "app": "treechat",
  "type": "reply",
  "map_content": "I\u2019m thinking about this from Bitcoin\u2019s perspective. For example, if everyone uses satoshis (sats) as cash for payments in the future, and everyone holds cash in hand, how many sats would actually be in circulation? Would excessive hoarding drive up transaction fees? How do we judge malicious hoarding in the Bitcoin world? Is there any standard for that? Anyway, these are my questions. Of course, this is a really hard one to answer\u2014we\u2019ve lived in an inflationary world for way too long.",
  "media_type": "text/markdown",
  "filename": "|",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!