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Bitcoin Forum > Economy > Economics > Has cryptocurrency a deflation problem？ such as bitcoin,litecoin,or bitcoin cash
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Eric0123 (OP)
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April 28, 2018, 01:17:19 PM
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Has cryptocurrency a deflation problem？ such as bitcoin,litecoin,or bitcoin cash
What is consensus?
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April 28, 2018, 03:33:44 PM
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I don't think deflation is a problem with cryptocurrency, it is problem for fiat though.
For example if price increase, we can use more fiat to pay, for example from $10 to $20 (inflation) -> can use two $10 bill to pay.
But how about $1 to $0.5 (deflation).
Assumed $1 is the smallest fraction then we have to buy two goods minimum to be able to pay with $1 bill.
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April 28, 2018, 03:42:35 PM
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Quite the contrary, deflation is the reason most of the assets here will appreciate. That is the main reason people are hoarding right now, they don't want to spend something that will be more valuable in the future.
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April 28, 2018, 07:53:46 PM
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Quote from: Eric0123 on April 28, 2018, 01:17:19 PM
Has cryptocurrency a deflation problem？ such as bitcoin,litecoin,or bitcoin cash

I dont see deflation as a problem, inflation is a problem, when someone can just print as much money as they want, and then dump it on us. What use is it if you can just print it on will.
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