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As another commenter said, the problem is that bitcoin can't devalue. Inflation is what drives people to spend their money rather than sitting on it, waiting fo
by lokedhs 9y ago
As another commenter said, the problem is that bitcoin can't devalue. Inflation is what drives people to spend their money rather than sitting on it, waiting for it to increase in value.
I certainly have no intention of spending my bitcoin. Not because I don't have anything to spend it on, but because if it becomes more popular, then by definition it will have to increase in value by a huge number. Unless of course it collapses before then.