Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Dystopian Future
by
justusranvier
on 06/01/2014, 14:20:54 UTC
Does anyone else find it funny that those convinced that customers will have a reduced incentive to spend deflationary money forget the seller of goods and services have an equally increased incentive to sell.  So won't we simply see the price change to reflect this and things carry on as always?  Same with stock.  The store will have the same disincentive pay for stock that is losing value (relative to depreciating currency) as the supplier will be incentivised to sell his goods?  I kinda like that theory but truth is I don't know how it will turn out.  Fact is, neither do those who are convinced their arguments are correct!
If the PC and consumer electronics industries could figure out how to adapt to a situation where stock is losing value relative to currency (BTW, bitcoin is appreciating, not depreciating) then other kinds of merchants in a bitcoin world should be able to adapt too.