Quote from: Beerwizzard on March 26, 2022, 09:42:54 AM

Quote from: stompix on March 25, 2022, 04:09:57 PM

The scenario is with no other currency present, so your goods will cost the same as long as the manufacturing process is the same, bitcoin will no longer grow in price as there is no longer such thing as BTC price.

No. In such scenario we still got another currencies in another countries in order to have a global competition on markets. Therefore, exchange rates would remain.
it is highly unlikely that BTC become a single payment method worldwide, we shouldn't count on such scenario.

Let me remind you how this topic started:

Quote from: BlackHatCoiner on March 24, 2022, 11:53:47 AM

The deflationary spiral argument goes as following: Let's imagine an economy that only uses Bitcoin, solely, as currency.

Quote from: Beerwizzard on March 26, 2022, 09:42:54 AM

So how should it decrease?
Imagine people in country A (this country already have its economy, production, import and export etc) decided to switch to BTC only. Since they are trading with another countries they have all production costs in BTC and they are selling everything for BTC while country B (which pays with their own money) is having continuously increasing prices. In the end, you only your products way overpriced in the world market just because you have switched to BTC.

Again, you're going outside the proposed scenario.
Simply put:
You produce 7 billion things of stuff x, 7 billion of stuff y, 7 million of billion z, all for 21 million coins in circulation.
Fast forward, the earth doubles in population, you produce 14 billion of stuff x, y, z, all for 21 million coins in circulation.
What do you think will happen to the prices expressed in BTC ?