this post was submitted on 15 May 2025
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I'm actually pissed Bitcoin is so deflationary because that incentives people to invest and hold it, and sure that causes the price to rise a ton, but it also lowers the pressure on people to sell it, making it less like a currency and more like an investment.
Satoshi low-key just wanted to be rich, otherwise there wouldn't have been a cap on the number of Bitcoins that can exist
good thing there's other currencies that actually don't suck
Yea, it is sad to see that many of crypto-coin project are handled as trading assets and not as what it started with: open currency. I would love to see more stability so that cryptocurrencies can be used for buying stuff more easily.
there are other reasons for this: an uncapped coin is inflationary, so it can loose its value given enough time, no matter what happens to the economy around it. But then again, many projects without a cap try to set the emission-rate so that it somewhat balances creation with burn (for example by lost wallets or transactions to invalid addresses).
I really prefer that second option to cause deflation because it allows currencies to be only slightly deflationary, but not too much like bitcoin which has just turned into an investment