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Money is a mean of exchange that happens to be a store of value. A thing that punishes the exchange is not an effective money. In an economy with a finite amou
by maurycy 16y ago
Money is a mean of exchange that happens to be a store of value. A thing that punishes the exchange is not an effective money.
In an economy with a finite amount of money, even potentially, the exchange is not rational given that the money's value grows over time.
That's why the focus is on generating BitCoins.
- getsat 16y agoAfter all the BTC are generated, only market conditions and demand will affect its value. It's not guaranteed to deflate perpetually.