LogFAQs > #948398110

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Topic	Bitcoin broke 20K
EndOfDiscOne 12/16/20 9:24:23 AM #13:	Squall28 posted... How does constant deflation help bitcoin's case as a currency? You're always going to encouraged not to spend it because the value goes up. And what would happen if it doesn't go up in value anymore and actually becomes a usable currency? What are all the "investors" going to do? I'm not sold on Bitcoin's use as a currency yet, but the idea is that the value will eventually level out. I'm in it for the scarcity and protection from inflation, similar to gold. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:948398110] in Bitcoin br... [t:79179131]...</cite> <quote>Squall28 posted... </cite> <quote>How does constant deflation help bitcoin's case as a currency? You're always going to encouraged not to spend it because the value goes up. And what would happen if it doesn't go up in value anymore and actually becomes a usable currency? What are all the "investors" going to do?</quote>I'm not sold on Bitcoin's use as a currency yet, but the idea is that the value will eventually level out. I'm in it for the scarcity and protection from inflation, similar to gold. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!</quote> ... Copied to Clipboard!
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