A Cautionary Tale for Bitcoin Maximalists
Jun 18, 2021
Bitcoin, if considered as a currency, has highly deflationary properties. Many celebrate the deflationary property as a feature. I show here, based on a painstaking data collection, that it is bug. Deflation is a bug for poor countries. Deflation is a bug for poor people. Deflation, at the end of it, is a feature for rich industrialists.