The author of this article is so confused and ill-informed it's almost sad to read it.
So confused. Save your time, and skip this article.
Topic: 2013-09-01 Deflation Will Not Cause Problems For Bitcoin (Read 582 times)
So confused. Save your time, and skip this article.
The author of this article is so confused and ill-informed it's almost sad to read it.
http://www.newfination.com/2013/08/31/deflation-will-not-cause-problems-for-bitcoin/4600/
This is because of its fixed stock. The success of fiat money is that central banks can create more as the demand for money increases thus making it useful as an exchange mechanism and unit of account. Of course the decree of “legal tender” is a huge advantage too.
This is because of its fixed stock. The success of fiat money is that central banks can create more as the demand for money increases thus making it useful as an exchange mechanism and unit of account. Of course the decree of “legal tender” is a huge advantage too.
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