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Bitcoins' value is in its utility at the moment. Until it stabilizes it is poor as a money (a store of value) while still quite handy as a currency (exchange o
by edoo 8y ago
Bitcoins' value is in its utility at the moment. Until it stabilizes it is poor as a money (a store of value) while still quite handy as a currency (exchange of value). If it becomes a more stable store of value than competing fiat currencies it will have even more value added.
- lokedhs 8y agoHow would it ever stabilise? There is a hard limit to the number of coins issued, and unless the market is static, the value of bitcoin has to go up. I haven't seen a good explanation to that problem.
- edoo 8y agoStabilize as in not so volatile. You could have a 1% deflation rate per year and that would be much more stable than the USD.