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If BTC had a relatively stable price and low inflation then it could challenge the private banking system. But its volatility is only attractive to gamblers and
by zirgs 4y ago
If BTC had a relatively stable price and low inflation then it could challenge the private banking system. But its volatility is only attractive to gamblers and speculators. It's the opposite of a good currency.
- globular-toast 4y agoBTC, by design, is non-inflationary. That's kinda the point. In fact it would be deflationary in practice (which does concern some people). There's nothing inherently volatile about it.
- zirgs 4y agoNothing stopped them from implementing low inflation into the BTC protocol. Would have driven away all the HODLers immediately.