True, but the fact that bitcoin became worth so much is a testament to how bad of an idea it is to make currencies deflationary. No one wants to spend them. They aren't currencies at all.
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True, but the fact that bitcoin became worth so much is a testament to how bad of an idea it is to make currencies deflationary. No one wants to spend them. They aren't currencies at all.
The current position of the bitcoin core team is that BTC is now more of a store of value rather than a medium of exchange. Perhaps that position will change if Lightning is successful. A limited, fixed supply is preferable if your objective is to be a store of value. The bitcoin cash team believes it's essential that bitcoin be a readily usable means of exchange accessible to all. Jim Rickards believes bitcoin is doomed to fail in part because it is deflationary.
I honestly think nearly all of the deflationary coins are going to collapse because they're bad at being anything.