Quote from: Agostosmori on November 16, 2017, 10:11:13 AM

Quote from: pat_13b on November 14, 2017, 12:43:45 AM

Hi All,

It seems to me that people are incentivised to move towards a deflationary monetary system because if they just hold their money and do not spend, their unit of currency is worth slightly more over time. Particularly in contrast to inflationary monetary systems that most of us come from.

If you're a government, you're not going to aim for deflation because it means people will stop spending money in your economy and your economy will fail.

However, if you take the environmental conservationist standpoint, this could be seen as a great thing. It could curb our rampant consumerism & over consumption because everyone is incentivised to save.

Do you agree with my premise?
Would it be a good thing?

I look forward to your thoughts.
Thanks

Because bitcoin can't be considered as a pure currency right now it is somehow considered as an asset that has a chance of having more value overtime. Unlike fiat currency that are experiencing inflation rate every time bitcoin is experiencing the opposite right now.

Yes it is though as you said bitcoin is unstoppable even now bitcoin has an incredibly large amount of value over even just months bitcoin can reach more than $1000 every month although some issues have been going but bitcoin has also an incredibly fast recovery from all that damage. So bitcoin as an asset is really a reliable one.