Reply to post: Re: Desperation

Can 'blockchain' mobe Exodus stem movement of HTC's Jah people?

Anonymous Coward
Anonymous Coward

Re: Desperation

Whilst you’re probably right that the US dollar value is not directly related to Bitcoin’s utility, I would strongly suggest it’s stability of value certainly is. As you point out, last year’s wild deflation made it difficult (or foolish) to spend any coins you had. This year’s inflationary turn on the other hand has conversely made it difficult to find someone willing to accept it as means of payment, especially if wanting to defer such payment to a later date (which is pretty standard for large purchases). The question is, with no central body to govern it and extremely limited tools to control it (deflation, despite being generally accepted as economically terrible, seemingly baked in by design), will it ever be stable enough to facilitate such use?

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