“Bitcoin will not become the world's single currency by 2030.”

BitcoinSoV

BSoV: The first mine-able, deflationary, open sourced, decentralized cryptocurrency Hedge to act as a Store of Value against the monetary inflation of fiat currency. BSoV is mined using a simple Keccak256 (Sha3) algorithm. There is No ICO, No Pre-mine, and No Governance. This allows for BSoV to be completely decentralized and fairly distributed. With each transfer of BSoV tokens, 1% of the total transaction is burned forever.
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Welcome to the House of Coins

HouseofCoins is a protocol for the creation and use of decentralized financial instruments using Bitcoin as a transport layer. The protocol's native currency, HOC, is 50% un-mined and deflationary, with 10.5 million HOC created by house member allocation in April.
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Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner?

If the rate of deflation is such that the value of your bitcoin increases a certain percent every year, let's say 15%, why would you ever bother lending bitcoin to new small business owners?
I'm curious how the economic system would work in this situation. What would it actually look like?
Is this just a case of higher interest rates for lending out bitcoin?
For example. If you can get 15% through deflation without lending your money, then you would need to lend out at a high enough interest rate so that your return would exceed the automatic deflationary increase of 15%?
Is that the basics of it? So the interest rate of borrowing bitcoin would effectively always be related to the deflation of bitcoin and the inflation from new supply. Whatever that balances out to? (Assuming overall demand has somewhat stabilized through the economy by then so you don't get huge price swings.)
submitted by bearCatBird to Bitcoin [link] [comments]

Bitcoin has a stable monetary supply, in terms of purchasing power it's a deflationary currency. Tons of economists say that deflation is bad. These government economists never explain what's causing that deflation. I made this video comparing what's better: a little bit of inflation or deflation?

Bitcoin has a stable monetary supply, in terms of purchasing power it's a deflationary currency. Tons of economists say that deflation is bad. These government economists never explain what's causing that deflation. I made this video comparing what's better: a little bit of inflation or deflation? submitted by OneMoreJuan to Bitcoin [link] [comments]

[Serious Question] How can we expect full adoption and USE of a deflationary currency? Also with so many tech barriers, how can we expect adoption by the poor? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Serious question about bitcoin use in 30 years - If bitcoin stabilizes and becomes a deflationary currency, what will incentivize you to ever lend your bitcoin to a new small business owner? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

In a hypothetical world in which Bitcoin is the main form of currency, why invest in medical technologies, stock market corporations, bonds, etc. if your currency is already deflationary?

Could this also cripple the demand for more well-educated, higher-paying jobs? Could this actually hurt the economy or arguably slow down human innovation?
Discuss.
submitted by anon5111 to Bitcoin [link] [comments]

How Bitcoin & Bitcoin Cash's currency issuance schedules compare with the US dollar and fiat-based currencies. Are BTC & BCH inflationary or deflationary? Which is a better store of value in the long run?

How Bitcoin & Bitcoin Cash's currency issuance schedules compare with the US dollar and fiat-based currencies. Are BTC & BCH inflationary or deflationary? Which is a better store of value in the long run? submitted by ColinTalksCrypto to btc [link] [comments]

Doesn't the deflationary nature of bitcoin discourage its use as a currency?

I don't have a lot of economics education, but I do have some. USD is inflationary to encourage the economy to grow, yeah? And bitcoin is intentionally deflationary because it's a limited amount. Doesn't this discourage people from actually using it? The purpose of bitcoin is to be a currency, at least that's what it was back in 2009. These days I'm not so sure anymore. Being used as a store of value is a far cry from the original intention to be used as money. Seems like the community is more focused on how much money they've made off bitcoin rather than the actual purpose of the technology - financial freedom.
Does this mean that bitcoin will likely never be truly used as currency, because it makes more sense to just hodl forever? Why would I ever spend bitcoin if thought the value would go up? Is there another crypto that would potentially fit better as a currency? What's everyone's thoughts?
submitted by fuckueatmyass to Bitcoin [link] [comments]

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run?

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run? submitted by ColinTalksCrypto to Bitcoin [link] [comments]

Bitcoin @ $1 - 'Only good for libertarian neckbeards' Bitcoin @ $10 - 'Only good for druggies and darknet markets' Bitcoin @ $100 - 'The Gov are gonna shut it down' Bitcoin @ $1000 - 'Pump and dump on ETF rumours' Bitcoin @ $5000 - 'Deflationary currency will never work'

Wrong. Wrong. Wrong. Wrong. Wrong.
The goalposts forever move, honeybadger gives not one fuck.
submitted by Essexal to Bitcoin [link] [comments]

How Bitcoin & Bitcoin Cash's currency issuance schedules compare with the US dollar and fiat-based currencies. Are BTC & BCH inflationary or deflationary? Which is a better store of value in the long run?

How Bitcoin & Bitcoin Cash's currency issuance schedules compare with the US dollar and fiat-based currencies. Are BTC & BCH inflationary or deflationary? Which is a better store of value in the long run? submitted by ColinTalksCrypto to Bitcoincash [link] [comments]

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run?

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run? submitted by ColinTalksCrypto to CryptoCurrency [link] [comments]

“The original Bitcoin (now rebranded as Bitcoin Cash) was designed to be BOTH a currency AND a store of value. It functions as both. It‘s a store of value b/c it’s deflationary & has a limited supply. And the market will soon value BCH more than BTC because it is actually usable.”

“The original Bitcoin (now rebranded as Bitcoin Cash) was designed to be BOTH a currency AND a store of value. It functions as both. It‘s a store of value b/c it’s deflationary & has a limited supply. And the market will soon value BCH more than BTC because it is actually usable.” submitted by scotty321 to btc [link] [comments]

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run?

How Bitcoin's currency issuance schedule compares with the US dollar and fiat-based currencies. Is Bitcoin inflationary or deflationary? Which would be a better store of value in the long run? submitted by scgco to GGCrypto [link] [comments]

How do you stimulate investment when a deflationary currency (such as bitcoin) rewards people so well for simply saving their money?

submitted by kiamo to AskReddit [link] [comments]

Andreas addressing some concerns about bitcoin as a deflationary currency

Andreas addressing some concerns about bitcoin as a deflationary currency submitted by fraidknot to Bitcoin [link] [comments]

Bitcoin is the perfect store of wealth for Muslims around the world. Sharia law forbids interest, but with deflationary currency they don't need interest.

I'm not here to debate religion. Muslims are free to believe whatever they wish, just like Christians, atheists, etc are free to believe whatever they want to believe.
And after having lived here in the middle east, and having met many practicing and devout Muslims, I will say that there are many beautiful and wonderful things about both the religion and the people that follow it, regardless of my own spiritual beliefs.
If you want to troll about how you don't personally agree with the beliefs of Muslims, just don't. Please take that shit elsewhere.
If you want to troll about the existence of extremists, just don't. There exist people who are wicked, poor, desperate, and violent and will cloak themselves in belief systems to justify their actions, but those people are found throughout the world. This topic is not about those people, so please take any trolling elsewhere.
This topic is about how bitcoin is a perfect fit for the middle east.
I'm not an expert on Islamic law, nor the banking system in this part of the world, but I do know this. Islamic banks cannot charge interest on loans, as is typical in the rest of the world. They get around this by loaning individuals money for projects and businesses and then taking a cut of the profits from that endeavor or business. In this way the banks are profitable without soiling their hands with something forbidden by their law and culture (interest).
At the Dubai conference, a few Islamic experts from around the middle east weighed in and all agreed: Bitcoin does not violate anything in Sharia law.
And here's the americanpegasus opinion on it: Bitcoin is so valuable to the Islamic world precisely because it grows more valuable over time without the need for interest. If Dubai wants to assure it's citizens that they will be wealthy one hundred years from now, they won't need to hoard gold and figure out how to strategically grow their money. They can just hold bitcoin, and inject the value that coin represents into their economy to motivate and spur even more amazing developments.
Don't even bother with the arguments of: 'How will the economy function if they aren't freely spending bitcoin'. That's like asking how the economy will succeed without gold freely flowing through the economy. One possible route they could take is to simply back currency either partially or fully via the coins they have secured on the block chain.
And we all know what leads up to that event, don't we? Hyperbitcoinization.
There is nothing stopping the middle east from going full tilt towards bitcoin, and thereby pouring billions into the bitcoin economy and universe except for a few understandable issues. They don't want to lose control and Authority, for one. However things over here work differently and implementing a legal solution wouldn't be as challenging as in the US. Banks will eventually figure this out and the potential of bitcoin will be harvested by them.
One startup company, BitOasis is set to become the Coinbase of the middle east. I heard them talk at the conference and they nailed it. They have an amazing product, they know the culture, they understand the potential, and all four primary members of that startup are going to be worth a fortune soon. I'm looking forward to watching it happen.
Soon there won't be any more plane fulls of gold flown from one nation to another. That time is ending because the block chain is here.
Eric Voorhees said it best: Nations that deny their citizens the Internet don't hurt the Internet. They hurt their citizens.
I honestly believe the middle east won't be one of those nations and once the people in this region realize the massive advantages bitcoin can bring them, you will see an epic adoption rush. Bitcoin is the perfect asset for the Islamic world.
submitted by americanpegasus to Bitcoin [link] [comments]

Would you take your entire wage in Bitcoin? Inflationary vs Deflationary Currency.

I tried to imagine a world where Bitcoin (or any cryptocurrency) replaces fiat entirely. For the purpose of this thought experiment, the cost and speed limit of transactions are ignored.
This means that everyone's salaries are paid in Bitcoin.
However, because Bitcoin is a deflationary currency, it would be very expensive for employers to offer annual raises.
Your wage might stay the same forever or even decrease over time. But, your buying power would still increase.
I don't think the average person can wrap their head around that. There would be no "raise incentives" at work which is the motivation for a lot of people to not slack off.
submitted by johnwayne2413 to Bitcoin [link] [comments]

Why does Bitcoin community believe that a deflationary global currency is a good idea ?

Wouldn't a deflationary global currency just cause the global economy to 'freeze' ? With the rich peoples' fortunes increasing by themselves wouldn't they just choose to HODL instead of spend (invest) their currency ?
This is kind of what happened during the 1920s when most currencies became deflationary and the international trade plunged by more than 50%, causing massive unemployment rates. The way US got out of the depression was by banning ownership of gold, printing a lot of USD and causing the inflation of the USD - thus forcing people to stop HODL-ing and simultaneously kick-starting its economy again.
IMO a deflationary global cryptocurrency would just cause a new Great Depression, but this time (due to the nature of cryptocurrencies) we wouldn't be able to decide to 'print' our way out of it.
Even now with Bitcoin we see that people who own it choose to HODL instead of spend their currency (because their net worth is passively increasing)... Now imagine if everyone in the world owned Bitcoin, nobody would want to spend their money, the economy would slow down, the production of goods would decrease, people would loose jobs and things wouldn't end up very nicely.
What exactly am I missing here ?
submitted by Marko994 to Bitcoin [link] [comments]

04-27 19:43 - 'A. Buy and replace. / B. Bitcoin isn't and will never be substantially "deflationary" monetarily, rather its supply will remain almost exactly constant. / C. If Bitcoin ever becomes a major currency, its value will remain st...' by /u/fresheneesz removed from /r/Bitcoin within 0-10min

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A. Buy and replace.
B. Bitcoin isn't and will never be substantially "deflationary" monetarily, rather its supply will remain almost exactly constant.
C. If Bitcoin ever becomes a major currency, its value will remain stable rather than going up (aka no "price deflation"). Note that falling costs (which have to do with improved techniques and technology) are not the same thing as price deflation (which has to do with increasing value of the currency, which would require a mechanism of currency destruction or a mechanism of currency improvement).
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Author: fresheneesz
1: www.reddit*com*Bitcoin/c****nts/73z*wthe_d***ation*r*_pro**e**pr*ve**ing/*nukj4*/ 2: mise**org/*ibrary/de**at****ry-spira*-*ogey 3: **b.mit***u/*rugman/ww**sp*ral.html 4: c*r*spacia.wor*p*ess.*om/2013****22/bit*oin*and-t*e*deflationa*y*s*i*a*/ 5: *o*nh*ochra**.bl*gsp*t*c*m**014/12/who**s-af*a*d-*f-littl*-*eflati*n-op-ed.*tml 6: www.re**it.com/*/Bi***i*/com*ent**8b68*4/i*_this_commu*ity_*oo_p***bitc**n/dx*jk*5/
Unknown links are censored to prevent spreading illicit content.
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"Bitcoin is real money, in fact, it is better than real money! It is a deflationary currency which can be hard to spend because it is constantly rising in value."

submitted by Wesleypipes421 to Buttcoin [link] [comments]

01-14 17:24 - 'It’s not a Ponzi scheme and we know that because it is open and transparent, it is secure bc of 10+ years of security and then you factor in the idea of a potentially globalized deflationary currency,the ills of human psycholog...' by /u/e-hotch removed from /r/Bitcoin within 56-66min

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It’s not a Ponzi scheme and we know that because it is open and transparent, it is secure bc of 10+ years of security and then you factor in the idea of a potentially globalized deflationary currency,the ills of human psychology—including greed and fomo, mix in Fibonacci patterns and yeah.... short banks and long bitcoin.
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Author: e-hotch
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Within a Deflationary Economy, Currency is Both a Store of Value as Well as a Currency. This is Why Bitcoin Can Be Both.

Within a Deflationary Economy, Currency is Both a Store of Value as Well as a Currency. This is Why Bitcoin Can Be Both. submitted by ecurrencyhodler to Bitcoin [link] [comments]

$SOV The Deflationary Currency Of #EOS - Locked Contract, Exchanges and The Future Is Bitcoin Deflationary - Should You Hodl Bitcoin or Gold? Bitcoin & Crypto vs Scam of the Dollar – Bitcoin: A REVERSE Wealth Transfer. A Deflationary World. Deflation And Bitcoin Crypto is the future of retail economy. You can make deflationary money now!!! Do it!!

Source: St. Louis Fed. This inelasticity makes Bitcoin and any other similarly constructed crypto-currency…. Deflationary. A deflationary currency is closely related to being inelastic, but we need to look specifically at the deflationary aspects of Bitcoin because conventional economic thought is that “deflation is bad,” and it is — if you’re using debt for money. This is why Bitcoin is called a deflationary currency: the rate at which money is printed is slower than the rate at which currency is lost or hoarded by investors. In the fractional reserve banking system (what fiat money uses today) there is, for all practical purposes, unlimited money supply. Over time, your money went from being tied to gold (deflationary, finite) and became an IOU from the Federal Reserve Bank (inflationary, ever-expanding). We were bamboozled. Bitcoin as a Deflationary Currency. The value of Bitcoin will only increase until it plateaus and the last Bitcoin is mined (issued). Using the common definition, Bitcoin is deflationary because Bitcoin’s purchasing power increases over time. However, the traditional definition of inflation, according to the British Currency School, was an increase in the supply of money that was unbacked by gold. Invest In Blockchain

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$SOV The Deflationary Currency Of #EOS - Locked Contract, Exchanges and The Future

This video is unavailable. Watch Queue Queue. Watch Queue Queue For the first time in history, The Dollar and other fiat based money around the world is going to have to compete with deflationary assets such as BTC. Disclaimer: This video is not financial or ... "The truth about mobile phone and wireless radiation" -- Dr Devra Davis - Duration: 1:01:30. The University of Melbourne Recommended for you Well guys if you like my videos and want to share a little bitcoin to help me, this is my address: 11eLt96RhL2sMo7mCCYxGwQSBW8kFrhDn To access Hashflare Clic... Bitcoin Q&A: Lost coins and the deflationary experiment ... “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money ...

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