From the little I have read, a healthy economy means a small amount of inflation.
Given that bitcoins are limited, it is impossible to have inflation.
How can we then say that Bitcoin is s good candidate for currency?
From the little I have read, a healthy economy means a small amount of inflation.
Given that bitcoins are limited, it is impossible to have inflation.
How can we then say that Bitcoin is s good candidate for currency?
So now Bitcoin is seen as more of a store of value. Which it actually seems to work pretty well for. A bit expensive to move around (but still, $20 is cheap compared to most value stores like land or gold).
not really. it's a "...peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution..." according to Satoshi himself.
An economy built exclusively on bitcoin without other currencies would indeed fail to achieve a healthy 2-3% yearly inflation rate. But apples and oranges.
What’s its use case then?