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This is all new to me, and I don't have any interest in BTC at all. But volatility and crazy inflation does happen in the realm of real currencies. BTC is uni
by tux1968 6y ago
This is all new to me, and I don't have any interest in BTC at all. But volatility and crazy inflation does happen in the realm of real currencies. BTC is unique because it's happening at the start of its existence rather than in the traditional death-spiral. Nor is currency speculation unique to BTC, it happens every day with traditional currencies. But maybe BTC can be forgiven for its volatility since it's such a unique and new concept?
As I understand it at some point there will be no new bitcoin left to mine, and it will just be available as a store-of-value currency -- if I have the concept correct. And the early adopters will be financially rewarded for helping to get it off the ground as they spend their BTC away into circulation.