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Deflation. The price of the burger in BTC has largely been falling. Why spend your appreciating* bitcoins when they will bu worth more tomorrow. If the price is
by dia80 6y ago
Deflation. The price of the burger in BTC has largely been falling. Why spend your appreciating* bitcoins when they will bu worth more tomorrow. If the price is stable this effect goes away and you might as well spend them.
* Who knows if this will continue
- midasuni 6y agoEven if BTC hadn’t had it’s ridiculous boom since October, it’s still deflationary from the simple fact every day there are fewer bitcoins as people lose keys.