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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.

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.


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