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As a trading currency, it works fine. As a store of value, it's deflationary nature makes it unsuitable for widespread adoption. An economy doesn't function we
by danielweber 13y ago
As a trading currency, it works fine.
As a store of value, it's deflationary nature makes it unsuitable for widespread adoption. An economy doesn't function well if people get rich merely by holding the currency (as opposed to investing the currency).
- mrb 13y agoBitcoin is deflationary by design. As a store of value, this is the ideal characteristic (as your store keeps gaining value).