| ▲ | tardedmeme 3 hours ago | |
The bitcoin price level reduces as an effect of bitcoin's design, therefore it's a deflationary design. Well, for now. Obviously it can't reduce forever, and it will eventually slam back up to infinity (bitcoin will collapse) when no normal person feels like it's worth getting any because so much of it is already owned by wealthy people. Until that happens we're surfing the Ponzi wave. Inflationary designs are way more stable. | ||