How would bitcoin handle deflationary situation? We have alway worried about inflation, however, deflation is much more destructive then inflation.
RE: Future Economy
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Future Economy
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Interesting question i will dive into that question in a future article because it requires some thought in order to give a proper reply, But i do not think bitcoin and the Community buildup around it will handle it well.
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There you have it. Bitcoin can be an alternative asset for sure. However it does have its flaw being a currency. The limited supply means the number of bitcoin in circulation will go down year by year, ie. lost private keys and unable to retrieve, etc. That also means your house today may worth 1000 bitcoins, but 10 years later only worth 900. I don't think human nature would take that well.
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