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by Nursie
4814 days ago
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Most savings accounts pay under the rate of inflation, and rely on someone (usually a bank) being willing to pay you that rate to get you to give them your money. Presumably the utility they derive from this makes it profitable for them. BTC on the other hand, if we reach a steady deflationary state, beats the rate of deflation by definition, and just by you sitting on it. Slightly different situation. --edit-- Also see here - http://eprint.iacr.org/2012/584.pdf
It seems the ~80% of bitcoin are long-term dormant, so people are just holding on to them, regardless of the reason. |
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