And I still get coding jobs. Go figure.
Why would anyone buy an apple for $1 if tomorrow it would be $0.99? Because you want an apple now.
Why would anyone buy oil if it was going to be cheaper tomorrow? Because you need to drive today.
Topic: How economy grow with a deflationary currency? - page 3. (Read 3089 times)
Bitcoin money base is still growing at the moment, but the deflationary expectation is starting to settle in.
With a deflationary currency, people have the tendency to hoard, it is harder for businesses to make money in this kind of deflationary environment.
If I am not mistaken, since the inception of Bitcoin economy, in this system, very few business has been more profitable than hoarders.
So, if it's not good for trading, it's destined to be a tool for speculation?
Jump to: