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> (Some) crypto is a deflationary store. There are not many deflationary stores, and the ones that exist (like precious metals) either require a lot of effort t
by tqi 3y ago
> (Some) crypto is a deflationary store. There are not many deflationary stores, and the ones that exist (like precious metals) either require a lot of effort to store and secure, or you hold a claim on some precious metal somewhere and not the thing itself. Lots of people want a deflationary store, especially in a time when inflation looks like a fact of life!
I'm curious how true is that in practice? I get that there can only be so many Bitcoins (for example), but if there can be infinitely many different coins AND no consensus on what THE coin is, then how protected is the value actually?