2 upvotes, 1 direct replies (showing 1)
View submission: Don't invest recklessly
Not so sure about that.
That assumes that producing goods, for example is "cost constant". That would ultimately depend on what type of goods is being considered. Some of them may require more energy to produce over time, etc. etc.. So I would not necessarily draw the overly simplistic conclusion that in a BTC world, purchase prices would decrease over time.
Also, I am not sure of costs of services. Would be interesting to read what economists have to say about this. r/stiglitz are you there?
Comment by isoldmywifeonEbay at 05/12/2017 at 21:36 UTC
1 upvotes, 0 direct replies
You're over-complicating it. With today's currency, prices gradually increase with inflation. Bitcoin is deflationary, so prices would gradually fall.