Re:Cambridge Bitcoin Electricity Consumption Index
by bccdee on Wednesday February 10, 2021 @11:16AM
(#26091113)
You realize deflation is bad, right? There's a reason why the central bank deliberately keeps inflation at a steady 2%. Slow, steady inflation is the ideal.
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Re:Cambridge Bitcoin Electricity Consumption Index
by Rallerbabs on Wednesday February 10, 2021 @02:22PM
(#26093504)
Store your value in fiat then, if you enjoy watching icecubes melt so much.
Re:Cambridge Bitcoin Electricity Consumption Index
by bccdee on Wednesday February 10, 2021 @03:16PM
(#26094120)
Nah, I keep it in a mutual fund. That's the point of inflation — spend or invest, but don't just sit on it.
Re:Cambridge Bitcoin Electricity Consumption Index
by Rallerbabs on Wednesday February 10, 2021 @04:53PM
(#26095302)
I invested my inflationary fiat in deflationary bitcoin.
I sit on it while it appreciates.
Number go up.
Re:Cambridge Bitcoin Electricity Consumption Index
by Grustaf on Wednesday February 10, 2021 @05:49PM
(#26095899)
The value of bitcoin increases because people speculate, not because the number of them is fixed. I bet there are hundreds of crypto currencies that have fixed or decreasing stock that keep losing value, or are already worthless.
Re:Cambridge Bitcoin Electricity Consumption Index
by Rallerbabs on Friday February 12, 2021 @11:12AM
(#26115179)
As per Satoshi himself, the value of bitcoin increases because people speculate, start using it more, speculate more, start using it more, etc.
The reason why it is capable of increasing, is because the number is fixed. Inflation would outstrip its value, if it weren't.
Bitcoin is useful. It has organic support. When it comes to storing value, other coins do not matter (nearly as much). Just ask PayPal, Mastercard, Microstrategies, Tesla, JP Morgan, GrayScale, etc.