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by grubles 1975 days ago
"In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value."

- Satoshi

https://p2pfoundation.ning.com/xn/detail/2003008:Comment:956...

1 comments

Misleading. He's talking about Bitcoin being an (ultimately) deflationary currency. Not any "it's a store of value but not peer to peer electronic cash" fallacious arguments.