Hearn: The resolution of the Bitcoin experiment
Hearn: The resolution of the Bitcoin experiment
Posted Jan 18, 2016 0:31 UTC (Mon) by Cyberax (✭ supporter ✭, #52523)In reply to: Hearn: The resolution of the Bitcoin experiment by anselm
Parent article: Hearn: The resolution of the Bitcoin experiment
> Also, when Hitler came to power, the German hyper-inflation had been over for 10 years or so.
Moreover, it was actually a period of severe _deflation_ with all the problems of a deflationary spiral.
Moreover, it was actually a period of severe _deflation_ with all the problems of a deflationary spiral.
Hitler stopped it by introducing a "stimulus" program in the form of huge military expenditures and public projects (like the initial Autobahn system).
Why is it important? Bitcoin is by design deflationary - the value of the individual coins will increase over time.
