Crypto is infinitely divisible, and because of lack of physicality it does not really suffer from lack of liquidity on the same sense that you can't cut a 20usd bill in half to pay a 10usd item, you just swipe with your phone or wherever e-wallet you use
The deflationary bit, is sort of a problem on the centralization of wealth yeah, but that's a macro problem, not a barrier of entry to individuals
I think that your comment tries to take digs at Crypto in an overly contrarian way, Crypto is digital gold which can be easily hidden, I guess that you could buy a bunch of paper Swiss bonds hide them on a bag or whatever and take a flight with these, but that already has a higher barrier of entry than buying wherever amount you want on ether and put it on a thumb drive, I guess both methods could work, certainly both are easier and sneakier than carrying a brick of gold around on your flight luggage
Liquidity has nothing to do with divisibility. Liquidity is the ease with which an asset can be turned into money. By definition, money is the most liquid asset.
I don't get divisibility argumebt. Why woukd anyonce care if their Bitcoin can be divided if they owe 0.0001 Bitcoin and Bitcoin suddenly doubled in value which doubled the amount of money they owe without giving consent to owe more money. It is kinda like someone used a technological defect to justify a non negotiated contract change. The person who promised a certain amount of debt obviously promised the earnings of a fragment of their talents. The volatility of the currency does not affect their talents.
How does 0.0001 BTC "suddenly double in value" to be 0.0002 BTC?
What you're actually saying it suddenly doubles in value when converted to another currency.
Just the same as if I owe someone $10, in the same currency, then it doesn't matter if the ratio of the dollar to the ruble doubles or triples at the same time. It's still $10 to both of the parties.
The deflationary bit, is sort of a problem on the centralization of wealth yeah, but that's a macro problem, not a barrier of entry to individuals
I think that your comment tries to take digs at Crypto in an overly contrarian way, Crypto is digital gold which can be easily hidden, I guess that you could buy a bunch of paper Swiss bonds hide them on a bag or whatever and take a flight with these, but that already has a higher barrier of entry than buying wherever amount you want on ether and put it on a thumb drive, I guess both methods could work, certainly both are easier and sneakier than carrying a brick of gold around on your flight luggage