Yes I know it's an altcoin app but you can hold and send BTC as easy as a text message to your contacts, what other app does that?

https://play.google.com/store/apps/details?id=org.getgemsmessenger.app&hl=en

Why do you have an Iphone?

Umm,  production requires credit if you are big business.  Without finance production would massively slow down.

In a mildly deflationary enviroment cost of borrowing is too expensive. People wont afford to buy big ticket things like houses or cars if they had to pay cash.

And they all go down the same % point, so this relative decline makes you at status quo, and you didnt lost anything after all.

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And the same for the consumer, yes his wages go down, but the prices of the stuff around him also goes down, so its only an illusion that you lose money , when infact you didnt gain nor loose anything.

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Again, this deflation is caused by a lacking of demand, which printing more money will just make it worse long term wise. All new money is added in a form of debt, and raise the debt repayment cost later on. That large amount of debt repayment will decrease everyone but bank's spending power, but what they spend for? To buy more bonds (loan them out to trap more people in)

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There is only one exit for this endless slavery, that is give up using fiat money as a transaction medium, but few realizes this

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So, the claim of deflation's negative impact is just based on a stubbornly hold belief that currency is a benchmark of value. In fact the whole modern monetary theory is constructed on this blind belief

You clearly don't understand how inflation and deflation works, you're forgetting that because the prices will lower due to the currency becoming more valuable that it will make costs cheaper for employers as well when it comes to materials and other expenses.

Stop trying to exclude one or the other to suit your arguments and agenda.

Wow the neo-keynesian trolls have certainly gone to town here already, I should point out there are those who believe it's a bad thing because of falling prices, what they fail to grasp, is that's only a bad thing for people who rely on high prices in order to make money, such as speculators and people holding various assets, who these neo-keynesian economists are on the side of.

For the rest of us like you and me, deflation is absolutely fantastic, it makes everything easier to afford and allows you to build up savings, you aren't being forced to work twice as hard for half as much and it protects you against market manipulation of the money supply which is what causes these price swings neo-keynesian economists are so afraid of. Another thing to bear in mind of course is that for some baffling reason particularly on this forum the words inflation/deflation have been twisted in their definition to suit the neo-keynesian viewpoint, when I talk about inflation/deflation I am talking about the currency supply, when you print currency and increase the supply that's inflation, when you keep things the same or in fact reduce the amount of currency supply in circulation that's deflation and it causes the exchange rate of that currency to rise against others which is what's happening with Bitcoin and the dollar.

Yes, you're actually recognising that the idea of falling prices being a bad thing is a load of shit, I am building my investments right now and the rising price of Bitcoin is helping me a lot and is a perfect example of why deflation is a good thing, the idea that inflation helps people is a joke because while it may make a short term rise happen as is what's happening in the stock markets right now everything is going to collapse and be a catastrophe. The central banks are advocating the printing of money to keep things going, it isn't out of any benign purpose but it is to keep all these prices we're seeing artificially high, eventually it is all going to collapse in on itself, the only question is how long they'll keep things going, all inflation is, is a very sophisticated form of market manipulation.

Don't fall into the trap of arguing in a debate with people who use made up definitions for words or alternate realities in order to help them win, inflation/deflation is to do with currency supply, it isn't anything to do with prices, prices falling and rising are a result of inflation and deflation they aren't actually the process itself, people who argue using these terms are trying to sweep the issue of currency supply under the rug.

With negative interest rate, nobody would want to keep their money in vaults and having to pay the bank just to do a favor for them. That's a logical thinking. With that in mind, assets would definitely be a better bet. You somehow won't find a person who converts all his/her fiat to bitcoin but you will most probably find the investment portfolio spread around, like holding property, stocks, trust fund, gold, and of course, bitcoin will be one of them.

Ok, so that follows my primary key hash concat logic that i striked out in OP (only BIP-32 calls it index, or sequence here), but then I need to store that index/sequence next to my child key... also I need to make sure the index/sequence is used only once too! hm, was looking for something cleaner.

Thx!

There is nothing called "total fiat money", only two types of money: base money and checkbook money. Banks usually add them together and call it money supply, but this is to confuse normal people

Commercial banks does not create money, I mean base money, not some check book numbers in their database. When you ask for a loan, if commercial bank does not have base money, they can not give you a loan, that's a liquidity problem. Otherwise there will never be any bank failure, they could just loan to each other and create trillions of dollars