Second: Yes. No one is denying that Bitcoin is volatile. If you pick any arbitrary period of time you can come up with whatever statistic you want. This is not sound argument IMO.
Second: Yes. No one is denying that Bitcoin is volatile. If you pick any arbitrary period of time you can come up with whatever statistic you want. This is not sound argument IMO.
Except: money stuck in savings accounts also means the money isn’t spent on goods & services, so fewer jobs are supported, so productivity goes down, which is effectively +ve inflation even with the money supply perfectly fixed, but fewer jobs also encourages more savings and also triggers a spiral.
Which effect dominates (+ve or -ve inflation) depends on other factors, but both ways are a spiral of economic pain.
2. What? This is specifically about which is worse, how can you not make this type of comparison?
> $nominal_interest + $inflation
Should either be:
> $nominal_interest - $inflation
Or:
> $nominal_interest + $deflation