Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: CryptoGirl on November 03, 2017, 09:52:29 AM
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While reading articles, i often read that bitcoin is an answer to inflation.
It is not!
Bitcoin is not even a currency, bitcoin behaves like stocks and that's the reality.
Customers won't use it to buy because they think it will go up in value
Commerce won't accept it, because it is too volatile ...
So the argument about inflation is not even valid.
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Bitcoin may not be perfect answer to inflation but Bitcoin thus possesses both property of stock commodity and currency. Do you know that some stores now accept BTC as payment? That is primary definition of currency. The value of currency also appreciate and depreciate in value even though not as volatile as Bitcoin. Bitcoin is still in its early age to show up full properties. In 10/20years time. While there is much value to it. It can then become whatever any governments want it to be either commodity or currency.
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It can be said that inflation is when a system is glued when everything is centered.
There is one saturation point where needs are needed once by expenditure and can occur from external factors (for export and import).
Bitcoin its decentralized nature, meaning Bitcoin can not be inflationary because everyone has his individual, even if many of its purchase price means that to the MOON.
cheerrsss ..