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BTC is fundamentally flawed because it's deflationary by design. It will never be used as currency for that reason, only as a store of value. As a store of valu
by jackcosgrove 8y ago
BTC is fundamentally flawed because it's deflationary by design. It will never be used as currency for that reason, only as a store of value. As a store of value I'm not convinced of it vs. other assets. Stocks are liquid and have good yields in a mostly regulated environment, while real estate is improvable and multi-use. Cryptocurrencies could be valuable if proof of work led to a valuable information resource, such as labeling data or hosting content in a distributed web, and if there was no cap on the amount of crypto currency that could be generated.