Post
Topic
Board Economics
Re: Bitcoin's first major deflation event, and its consequences
by
Walter Rothbard
on 18/02/2013, 20:36:48 UTC
why is it so difficult to see why this, too, has a negative impact on the adoption of bitcoin? this is all i've been trying to say this entire thread.

Because it makes zero sense: Hey people, we have a problem!! Many people will want to use Bitcoin so bitcoins are going to become very valuable therefor no one will want to use it!!!11

I mean, I don't know what more to say to this.

Furthermore, this has been addressed in many places by competent economists, and the people who start these kinds of threads are rarely familiar with the arguments against their ideas, and they never address them.  No homework has been done first.  People just show up and claim they are seeing something that nobody else is seeing, and then get upset and call names when noone agrees with them.  And my ignore list just grows.