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BBC talks to @theSeratio Advisory Board Chair Chandler Guo “At its peak his machines were capable of mining 30% of the world's Bitcoin” (Dec 2017 marketcap $327 billion, today $199 billion) https://www.bbc.co.uk/news/business-54261382 See him discuss SER on www.seratio-coins.world #IdeologyinCode
Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner?
If the rate of deflation is such that the value of your bitcoin increases a certain percent every year, let's say 15%, why would you ever bother lending bitcoin to new small business owners? I'm curious how the economic system would work in this situation. What would it actually look like? Is this just a case of higher interest rates for lending out bitcoin? For example. If you can get 15% through deflation without lending your money, then you would need to lend out at a high enough interest rate so that your return would exceed the automatic deflationary increase of 15%? Is that the basics of it? So the interest rate of borrowing bitcoin would effectively always be related to the deflation of bitcoin and the inflation from new supply. Whatever that balances out to? (Assuming overall demand has somewhat stabilized through the economy by then so you don't get huge price swings.)
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Bitcoin Turning Around For Another Pump? Crypto News 4/30/20
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