Question from reading the bitcoin standard
I am not a bitcoin hater. But tbh it's quite cooked that the bitcoin mods removed this. I'm putting it here. Any bitcoiners can view it here. The bitcoin mods are cooked for deleting this............ just wow....
I'm reading the bitcoin standard. Not that far in yet, but I can see how the BTC argument is shaping up.
Obviously Austrian economics is an important foundation.
The main question I have for the bitcoin community is around the question of deflationary spirals. IYKYK.
I would appreciate it if someone knowledgeable would educate me about this? Deflationary spirals are still a problem IMO. The biggest problem. Yes this sounds Keynesian but I would appreciate a first principles answer if you can.
Thanks 🙏