Comments by "bj0rn" (@TheLivirus) on "Bitcoin: How Does it Work? | Roger Ver | TECH | Rubin Report" video.

Skoda The typical narrative is that the end of the gold standard was closely tied to the spread of democracy, because economic depression could no longer be countered by simply dumping the cost of labor. There was a need for new means to stabilize the economy, hence the adoption of more flexible currencies.
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Maybe it would be appropriate to elaborate on how a transfer onto a bitcoin based world economy would influence its stability. Inflation is meant to encourage people to invest their money instead of hoarding it. There's a risk that Bitcoin, because of increasing demand and it's finite pool, would be subject to deflation. What would be the mechanism to deal with the economic crisis that would follow?
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