ESRogs comments on Bitcoins are not digital greenbacks - Less Wrong

6 Post author: lsparrish 19 April 2013 06:13PM

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Comment author: ESRogs 20 April 2013 08:26:58PM 2 points [-]

The cause of Bitcoin volatility is not deflation, it's caused by speculation under conditions of extreme uncertainty. The uncertainty will be resolved eventually, one way or another.

This seems correct to me.

Comment author: RomeoStevens 20 April 2013 09:43:35PM 1 point [-]

Certainly true for now, BTC currently is experiencing ~13% inflation YoY. Pricing in future deflation is inherently speculative as it assumes BTC will be around long enough for it to matter.

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