5 ms·
I don't think you've thought this through, if holding bitcoin accelerates in value more than say companies actually doing things then we're going to transfer a
by johnrgrace 5y ago
I don't think you've thought this through, if holding bitcoin accelerates in value more than say companies actually doing things then we're going to transfer a substantial portion of today's current wealth to the people who currently own bitcoin.
- eric_cc 5y agoI opened with: > Let’s assume BTC replaces fiat (USD) If BTC replaces fiat, I don't believe it would increase in buying power at a rapid rate. I think it would gradually increase in buying power over time only because the total supply will gradually shrink due to lost coins / dust /etc.
- guelo 5y agoImagine what would happen in this imaginary world when GDP increases. More things are being produced which means there are more things that need to be sold. But there is a fixed number of coins to buy things with. Each coin has to be able to buy more things.