When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to an important question. If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral? Doesn't deflation halt economic growth and investment?
Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!
And to get started with eToro, our awesome sponsor for the show, click the link below:
http://go.thoughtleaders.io/1195920190731
"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms....
"In Chapter 1 we reached millions. In Chapter 2 we're going to reach billions and we're going to do it quickly. And Chapter 2...
A great piece just full of fun analogies on how to imagine the force of nature that is #Bitcoin. Don't miss our first piece...