[2016-08-11] Bitcoin Needs Inflation to Work as Money, Says Professor

[tyz]

Bitcoin Needs Inflation to Work as Money, Says Professor

Satoshi Nakamoto would probably have built inflation into the Bitcoin protocol to avoid mining centralization – if he could start over again – says a professor known for his controversial Bitcoin statements.

https://news.bitcoin.com/bitcoin-inflation-work-money-professor/

[a7mos]

why should we need inflation ? people hate fiat and tend to use bitcoin because of inflation rates. I know that inflation will motivate people to spend their coins and not to hold it . but why should I be against holding ? it wont hurt the network for example

[deeplink]

Bitcoin has inflation. Currently 5-10% per year.

Back to school, professor!