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RE: Why Bitcoin’s Fixed Supply is Problematic - According to Yanis Varoufakis
My only comment would be is that by the time is reached maximuim supply , there will be a new kid on the block offering scaling options . I am thinking along the lines of EOS and Ethereum. Therfore there could be an element of creative destruction involved in Bitcoin by 2032 which will therefore negate any crisis
So you're saying that the fact that there will be an entire ecosystem of cryptocurrencies and not just Bitcoin, could help negate any negative effects that could be caused by deflation if it was just the one coin?
Yea I think that by that time the crypto landscape could be very different . I understand the gernal public only knows bitcoin and if there is mass adoption it will all go into Bitcoin . However people coming into the market will see the scaling issues and will look for other options so will go into the new boys. I think within at least five years the new 3rd generation blockchains will be making waves . So it will therefore introduce an element of competition into the crypto space