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Bitcoin 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 desig
by headmelted 9y ago
Bitcoin 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.