Thursday 1 March 2018

Is Bitcoin deflationary? And if so is that good?


I’m a BTC fan and holder, my concern is that people won’t use it for commerce because they will fear it will be worth more in the future. Me for example, I rarely spend my BTC, I save my BTC and spend my fiat using my credit card that rewards me 2%. Unless merchants start to discount BTC transactions over CC, I don’t see the adoption unless you are living hand to mouth. And if you are living hand to mouth, you will keep your money in Fiat until you need to use the BTC network.I welcome anyone’s opinion and I hope I’m wrong via /r/Bitcoin http://bit.ly/2F3ezfG

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