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Title: Money Should Work? Post by: ArsenShnurkov on March 27, 2011, 04:33:23 PM Is this saying correct for bitcoin, or not?
Bitcoin have no inflation, so the bitcoins should not work? Title: Re: Money Should Work? Post by: FooDSt4mP on March 27, 2011, 04:44:23 PM Is this saying correct for bitcoin, or not? Bitcoin have no inflation, so the bitcoins should not work? In the end, Bitcoin will have no inflation, but at the moment the supply is inflating by 50 BTC approximately every 10 minutes. Every 4 years, this is halved to 25, 12.5, etc until it reaches the limit of Bitcoin precision and becomes 0. But, regarding your question, once Bitcoin is non inflationary, it will still be profitable to put it to work. The currency will lose it's value if no one trades it, which is the same as inflation. But, with Bitcoin, the inflation/deflation is ultimately controlled by the demand for Bitcoin. Title: Re: Money Should Work? Post by: benjamindees on March 28, 2011, 12:01:42 PM Please clarify what you are asking. Do you mean that money should appreciate in value? Or do you mean that money should support real investment?
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