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Found 1 result

  1. I myself own some Bitcoins and quite a lot of Dogecoins, so it's not that i don't like them or anything. However i do want to hear some opinions on the following. At the moment, Bitcoin (and other cryptocurrencies) are subject to huge price-swings. It is believed that the value of these coin will become less volatile sooner or later and i think this might very well be true. But there is an issue (I think). Deflation vs inflation. In a world where money is subject to inflation, i can buy a house today at 100.000 Dollars (for example) and pay it back over 30 years. In those 30 years, every Dollar in itself will have less value, therefore the house I bought will go up in price (but not necessarily value), this means that, over time, i pay less relative Dollars for my house. In a world where money is subject to deflation, i can buy a house today at 100.000 Dollars and pay it back over 30 years. In those 30 years, every Dollar becomes more valuable, therefore, the house I bought will go down in price. This means that, over time, i pay more relative Dollars for my house than the amount i bought it for in the first place. In short: Value of Dollar goes up = I pay to much for my mortgage. Value of Dollar goes down = I pay less for my mortgage, in relation to the average value of the house in the long term. Now here Bitcoin comes in. Bitcoin is worth x amount of Dollars right now, however as soon as Bitcoin becomes a mainstream currency, while their cap remains at 21 million Bitcoins, it will more than likely be subject to deflation. It is for this reason, that i think Dogecoin does a better job, at least in terms of being/becoming a useful real-life mainstream currency. Its cap is increased by 5 billion each year (perhaps that is to much, perhaps not, only time will tell), meaning that as usage increases, so does the supply, making it far less scarce a resource and therefore less likely to deflate. Your opinions please.
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