I appreciate your replies - not sure if I mentioned it earlier to you, but I posted it here in HN because there is no shortage of smart people willing to express their thoughts.
I appreciate your replies - not sure if I mentioned it earlier to you, but I posted it here in HN because there is no shortage of smart people willing to express their thoughts.
You are talking about the singularity being the point that we switch to crypto currency. I suppose my argument is that the singularity may not come because of deflation counteracting and convincing people to continue holding.
All in all I'm glad it's been such a diplomatic discussion. I would engage people the same way if I were you and appreciate that you seek new information.
It sounds like what you said is that the singularity may not happen because cryptocurrency deflation will make cryptocurrencies more attractive to hold compared to inflationary fiat. I'm fairly certain I understood it wrong.
Won't people move more of the money into deflationary currencies if they are accessible and exchange friction between the inflationary one and deflationary one is acceptable?
I appreciate the appreciation!