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I don't think there have been any currencies that have been deflationary for 100+ years so it's impossible to say. Obviously currency risk is what you have to w
by adverbly 2y ago
I don't think there have been any currencies that have been deflationary for 100+ years so it's impossible to say. Obviously currency risk is what you have to watch out for though if you're not able to consistently both spend and collect from this single currency over the lifetime of your business.
- psychlops 2y agoBitcoin is a deflationary currency.
- callalex 2y agoIt’s a security/commodity, not a currency.
- psychlops 2y agoIt's a currency and used as a direct form of acceptable payment. Not as much as it's creator envisioned, but it is. It's not a security. It certainly shares attributes with a commodity although I think a characteristic of a commodity is that it is tangible.
- bigstrat2003 2y agoThat's nonsense. Bitcoin is absolutely a currency.
- phyphy 2y agoIs gold a security or a currency?
- Ekaros 2y agoBut it also has been extremely volatile over the lifetime. And quite volatile at all points.
- psychlops 2y agoNot sure what point you are making? It's still deflationary. Yes, it's volatile. Could be worse, could be better. No idea what it will do in the future as the race to zero continues with major currencies.