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I wouldn't expect bitcoin to be used as a currency for transactions. Bitcoin is deflationary, and is the "best" currency (other currencies lose value due to inf
by ericb 9y ago
I wouldn't expect bitcoin to be used as a currency for transactions. Bitcoin is deflationary, and is the "best" currency (other currencies lose value due to inflation). You don't pay for things with your "best" currency--you hoard it.
https://en.wikipedia.org/wiki/Gresham%27s_law https://en.wikipedia.org/wiki/Gresham%27s_law
- deleted 9y ago[deleted]