Bitcoin is supposed to be deflationary with a 21m total supply, right?
We all know that inflation in Fiat is like a hidden tax, and some people understand that some don't, a lot of crypto people (by that I mean Bitcoiners) know that.
I can say inflation is bad and Bitcoin with a cap supply will cure that.
So what about cryptos that are inflationary? Or coins that will be inflationary because they are proof of work, or mining that never ends like eth and doge. When will they die?
Unless inflation in Fiat is bad but in crypto is good, doubt it but anyone with an answer could you please share your wisdom.
Inflation can be good for a national economy to get back onto its own feet with the currency devalueing it makes sense to produce inside the country instead of importing. Its an automated process which is usually helpful... in a currency union like the european one its not possible and thats why Greece suffers from the crisis of 2007/2008 until today.
So maybe Btc will bring out completely new market mechanism.
Thats why its still the biggest and most interesting macro economical experiment ever.
If btc is only used as store of value not too much should change because it would work as gold but easier to to commit tax evasion.
If btc becomes a world currency the whole economy should collapse and destroy capitalism because of deflation and people not consuming. Maybe this is key to solve the climate crisis as well?