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i guess if the value stabilize and people use it as a real currency, then people will stop saying bubble, but now even Steam has stopped accepting BTC
by tutfbhuf 9y ago
i guess if the value stabilize and people use it as a real currency, then people will stop saying bubble, but now even Steam has stopped accepting BTC
- headmelted 9y agoBitcoin isn't a currency, it's a commodity (akin to digital gold). It can't be naturally deflationary and used to facilitate day-to-day trade because, by design (and with all else being equal), you're better holding on to the bitcoin than spending it. Fiat currencies are the opposite - inflation encourages spending because the money slowly trends towards being worthless if you don't spend or invest.