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by a1369209993
2013 days ago
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> Meaning you buy a computer, assuming its value will drop (due to the inflationary nature). Exactly. Similarly, if you buy a dollar, its value will drop (though not as quickly). OTOH, bitcoins are the opposite of both dollars and computers: bitcoins are deflationary, and rise in value. This is a terrible property for a currency, since it encourages speculation and hording in preference to circulation. |
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