I understand - I'm not aware of an asset class like bitcoin and the other cryptocurrencies, so I have to go with opinion and extrapolation for a lot of the thinking. :)
It sounds like what you said is that the singularity may not happen because cryptocurrency deflation will make cryptocurrencies more attractive to hold compared to inflationary fiat. I'm fairly certain I understood it wrong.
Won't people move more of the money into deflationary currencies if they are accessible and exchange friction between the inflationary one and deflationary one is acceptable?
It sounds like what you said is that the singularity may not happen because cryptocurrency deflation will make cryptocurrencies more attractive to hold compared to inflationary fiat. I'm fairly certain I understood it wrong.
Won't people move more of the money into deflationary currencies if they are accessible and exchange friction between the inflationary one and deflationary one is acceptable?
I appreciate the appreciation!