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by marcus_chang
3127 days ago
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Not in the same way that gold is. Currencies can experience hyperinflation from increased supply (printing money), but until someone finds the philosopher's stone, gold has relatively stable supply (and subsequently - price). |
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Gold has a relatively stable supply now but back in history we've experienced several gold rushes that I imagine made prices turbulent. From my limited understanding of Bitcoin the supply is also going to be limited and the mining of coins will become harder and harder.
Seems to fit more along the line of gold than a currency.