What I mean is…Bitcoin is by nature deflationary which is opposite to Fiat which is inflationary. But governments don’t want deflation to occur because it doesn’t encourage people to spend their money today. They would rather wait til tomorrow or the next day/month or even year to spend their money.
Is this going to be a problem if we move to a Bitcoin standard? I’ve always thought about this. People NEED to be spending money for the economy to even function, let alone thrive.
So how will the world work if most people holding Bitcoin never want to actually spend it? Bitcoin is a store of value after all.
What’s your thoughts on this and is it really going to be a problem or am I worrying about nothing here?
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