Yes, but Varoufakis is talking about the problems that this fixed supply will present during economic downtimes. Do you have any thoughts on this issue?
But traditional monetary policy gives policymakers control to solve these problems. The problem is trust in these individuals, but there are still mechanisms to solve them.
So the solution to deflationary problems in Bitcoin, is simply to view crypto as an entire crypto ecosystem with new coins coming in (printed money essentially), rather than a single, stable coin?
Yes, but Varoufakis is talking about the problems that this fixed supply will present during economic downtimes. Do you have any thoughts on this issue?
every type of currency has problems during a crisis, so he didn't say something eye-opening
But traditional monetary policy gives policymakers control to solve these problems. The problem is trust in these individuals, but there are still mechanisms to solve them.
If Bitcoin is widely adopted, what can be done?
People will simply make another type of currency and move from there
So the solution to deflationary problems in Bitcoin, is simply to view crypto as an entire crypto ecosystem with new coins coming in (printed money essentially), rather than a single, stable coin?
Yes, like in life, one generation dies and is replaced by another. Immortality will only make everything stale.