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if bitcoin weren't deflationary, it never would have been bootstrapped from zero. why would i buy a worthless bitcoin in 2010 if it was going to be worh the sa
by eof 13y ago
if bitcoin weren't deflationary, it never would have been bootstrapped from zero. why would i buy a worthless bitcoin in 2010 if it was going to be worh the same or less in 20xx? This applies to all other cryptos as well; without central backing there is only supply/demand. No one wants to be the first to take a risk if there is no upside.
- Nursie 13y agoWhy should anyone use a currency that others are holding in an effort to cash out though? My economic activity in that currency would enrich others who have done nothing but havng on to it. Not really an attractive feature.