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#bitcoin maxis will talk about SoV,
hodl till you die,
cent/sat parity,
"generational wealth"
all fucking day long
but point out that deflation conditions
(ie a fixed amount of monetary units and growing economy) disincentivize spending and investment,
and they lose their fucking minds.
Another example of dishonest argumentation from the #monero folks whose only aim is to attack and discredit #bitcoin's design.
Under the fiat system, standard practice, investors discount future cash flows for inflation because they know the money will be worth less later.
However, with Bitcoin, the opposite happens: future purchasing power is likely higher than today’s, due to its fixed supply and increasing adoption. So
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right?
