I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.
Those coins didn't disappear, AlexGR. They're still there.
If filthy statists start printing half as much dollar bills out of thin air, the supply of worthless government scrip will not decrease. It will continue to increase, just not as fast.
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That would introduce some kind of deflationary scenario in an inflationary system.
No. If anything, it would do the just the opposite, introduce an *inflationary* scenario. It is supposed to stimulate *buying*, and disincentivize "delayed gratification," e.g. keeping money in a bank.Please take Econ 101 or read a book.
Also a farty idea, but banks should pay us for lending money if they charge negative interest. It would speed up the inevitable.
I think that you are writing passed the point that is being made here by respawn2, and that is the incentive that is attempting to be created to spend rather than save... In that regard, it should be clear that if the fed had continued to lower and to lower and to lower interest rates in order to create incentives for spending in the economy... after they go to zero, then there is no where to go except to negative... it's about attempting to create certain incentives on a macro level, while seeming to lose sight regarding the damaging nature of the whole fiat system that is creating weird incentives and an artificial pump that becomes more and more likely to implode the more that it seems to fuck more and more regular people around, and in the mean time while better asset (value) preservation systems exist, such as bitcoin.
But if this trend continues, will we eventually see -10% or higher interest rates? At what point does a commoner realize that they are being fucked over big time by a system that should have been replaced ages ago?
Libertarians have been predicting the downfall of capitalism as we know it and the US dominant dollar for decades, so we know that some of these various seemingly unsustainable systems can adapt an stay in place for extended periods of time. Look at the US, also, it seems a bit ridiculous that voters have choices between two corrupt persons for the presidency, and seeming like no real way out of this kind of ridiculousness that is going to come out of either result.
A few years ago, I was feeling quite nervous too, about the sustainability of the current ever increasing ridiculous monetary system, and I kind of concluded that surely it could be possible to get another 30 years out of such an evolving ridiculousness... No one really knows for sure, and kind of the nature of implosions is that they occur unexpectedly.
Nonetheless, Bitcoin seems to continue hold a pretty decent place in this whole scheme of things.... At some point, there may be some other complementary systems to bitcoin, but a lot of us who already know and study bitcoin, should feel really excited about bitcoin when we are also seeing the folding and unfolding of other world developments, including the various financial systems. I personally don't think that it would be good for anyone, including bitcoin holders, if there were a total financial system implosion, but some of the weird and ongoing subtle and camouflaged collapses of various fiat systems seems much more conducive to the prospering of bitcoin.