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I think volatility is more of a short-term/medium term problem, due to the fact that each new Bitcoin user can have a pretty large impact on the value of the Bi
by devx 13y ago
I think volatility is more of a short-term/medium term problem, due to the fact that each new Bitcoin user can have a pretty large impact on the value of the Bitcoin, and it's still early days.
But I also think deflation may present a problem in the long term, and this is why instead of all the slightly different Bitcoin clones, I'd like to see one like Bitcoin that is inflationary, instead of deflationary.
But whoever will be making this needs to think long and hard about what the inflation rate should be, or if it can be modified by the market/community down the road (or start with a high inflation early on, to boost the numbers, and lower it after after a while).