Row 8561

Row ID: 8561 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 8561 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Okay, so first off, I’m very very very far from an expert in economics and crypto. But, surely that the very nature of bitcoin being deflationary, if you ever back a currency with bitcoin or people for whatever reason adopt it as a currency, there’s no incentive to buy things.

As the value of your savings go up overtime, surely everyone will become frugal asf (which might not be a bad thing), but it could cause the economy to stop or not function as well?

This is obviously a day 1 question and I’m sure someone’s come up with a solution or maybe that’s just because I’m thinking about the future based on the current economic model and a deflationary model works differently…but any info would be great!

FieldValue
text Okay, so first off, I’m very very very far from an expert in economics and crypto. But, surely that the very nature of bitcoin being deflationary, if you ever back a currency with bitcoin or people for whatever reason adopt it as a currency, there’s no incentive to buy things. As the value of your savings go up overtime, surely everyone will become frugal asf (which might not be a bad thing), but it could cause the economy to stop or not function as well? This is obviously a day 1 question an…
label r/bitcoin
dataType post
communityName r/Bitcoin
datetime 2024-05-19
username_encoded Z0FBQUFBQm5Lakw0cE5KdnFxWkJTUHZNeDh4WmJ2MDdOd0oyYUNOZTlZTWpaYmtoRjdWRlFKajc3Rm9GVUtpQl8wOG1mREpIYzFHZXV6R3Z4NWtNM2pzdlphTGM2aFZEN3c9PQ==
url_encoded Z0FBQUFBQm5Lak9IaWF6d052THBQdTgxQWhkOGxNVmJxMnFMbHkwSVdKU3lqT3pmOTViTTF2eTNVYk9yS1dpYlZEZzlzNVNZSkNlc0NtYTluQWxtSV9JT3BqZmR2b1NyVksxMWlsVnROdC13bHRqY0JEajhtaWJBOWIzTXphWmF2RTM2Tk5hTHpiSjlEZTBLTFA0TzVnZ2c5Wkxnd2wwbWVEVUk0THJMdVg3Z2pKQUNEWWZOdDEwbnhETEJPV1FVaUd2TF9maS1CYVpy

Raw Record

{
  "text": "Okay, so first off, I’m very very very far from an expert in economics and crypto. But, surely that the very nature of bitcoin being deflationary, if you ever back a currency with bitcoin or people for whatever reason adopt it as a currency, there’s no incentive to buy things. \n\nAs the value of your savings go up overtime, surely everyone will become frugal asf (which might not be a bad thing), but it could cause the economy to stop or not function as well?\n\nThis is obviously a day 1 question and I’m sure someone’s come up with a solution or maybe that’s just because I’m thinking about the future based on the current economic model and a deflationary model works differently…but any info would be great!",
  "label": "r/bitcoin",
  "dataType": "post",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-19",
  "username_encoded": "Z0FBQUFBQm5Lakw0cE5KdnFxWkJTUHZNeDh4WmJ2MDdOd0oyYUNOZTlZTWpaYmtoRjdWRlFKajc3Rm9GVUtpQl8wOG1mREpIYzFHZXV6R3Z4NWtNM2pzdlphTGM2aFZEN3c9PQ==",
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}
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