Post
Topic
Board Economics
Re: Ten men on an island -- inflation and deflation
by
Febo
on 18/10/2015, 13:16:47 UTC
I stop issuing tickets.  Hearing the news, people suddenly want those tickets again, and they begin to buy just enough to eat.  There is fear in the air and everyone has trouble selling things.  I will be OK since I have stored up so many tickets, but, for prudence's sake, I have to dismiss my cook and my tailor.  These men are in trouble, since they have sold their fishing gear and farm land, and have invested so much time learning their new trades.  They will barely survive, if they treat every ticket they own like their last.


This is where i see Bitcoin will have problems. Well this is where i see we will have problems when Bitcoin will be one of main currencies on the world. But maybe not spending more then we need will actually return us to our cores. And will actually give Earth chance to recover of devastation we made in 20th and 21th century.