I have been learning about how central banks usually target 2% inflation for economic growth. Still, Bitcoin has a fixed supply and can even become deflationary over time if people lose access to their wallets.
So I'm interested to know about a few things;
Can Bitcoin work well in a deflationary environment where the value keeps rising and people prefer to save rather than spend?
Would an economy based on Bitcoin slow down because people won’t want to spend their BTC?
Or would it encourage smarter spending and long-term thinking instead of constant consumption?
I’m just trying to understand if Bitcoin can really replace fiat money while keeping an economy active, especially since deflation is usually seen as a risk in traditional systems.
BTC is not the best p2p system
it is not designed for that.
Doge would be better
as doge always prints more coins
but as time goes on the inflation rate approaches zero
doge year 1 1x Total coins
doge year 2 2x total coins OMG 100% inflation
doge year 10 10x total coins
doge year 11 11x total coins hmm 10% inflation rate
doge year 20 20x total coins
doge year 21 21x total coins even better 5% inflation rate
doge year 50 50x total coins
doge year 51 51x total coins even more better 2% inflation rate
doge year 100 100x total coins
doge year 101 101x total coins only 1% rate of inflation
doge year 1000 1000x total coins
doge year 1001 1001x total coins only 0.1% rate of inflation
so as p2p this is far better than BTC will ever by
BTC is the king of store of value not king of p2p
now just because the math say this people are crazy and simply may say fuck it and be not rational at all about the simple truth above.