Alternatively one could boycott the entertainment companies lobbying for the bill. Which really is not much of a sacrifice.
In other words, prices of goods (in bitcoins) will (eventually) stop deflating, even though there is a fixed quantity of bitcoins, because other cryptocurrencies will be introduced.
The total number of bitcoins in circulation is capped, even though the total quantity of wealth in the world continues to increase. If bitcoins were the only currency used, then yes, this would cause hoarding problems.…
Perhaps public services (including the legal system) could be funded by donations instead of tax money.
Alternatively one could boycott the entertainment companies lobbying for the bill. Which really is not much of a sacrifice.
In other words, prices of goods (in bitcoins) will (eventually) stop deflating, even though there is a fixed quantity of bitcoins, because other cryptocurrencies will be introduced.
The total number of bitcoins in circulation is capped, even though the total quantity of wealth in the world continues to increase. If bitcoins were the only currency used, then yes, this would cause hoarding problems.…
Perhaps public services (including the legal system) could be funded by donations instead of tax money.