Not to mention you can't have a robust credit market built on top of a deflationary currency.
Imagine you take out a 30 year mortgage in 2025 with 12 periodic payments of .01 BTC a year.
Imagine offering a 10 year bond that will make quarterly payments of .01 BTC. What is the price of this bond? It is just a meaningless question practically.
Imagine you take out a 30 year mortgage in 2025 with 12 periodic payments of .01 BTC a year.
Imagine offering a 10 year bond that will make quarterly payments of .01 BTC. What is the price of this bond? It is just a meaningless question practically.