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RE: From HODL to MOVE - A Path For Making Cryptocurrencies Work

in #bitcoin6 years ago

Part of the problem is that Bitcoin is deflationary in nature. Because the supply is limited and the new Bitcoin being minted is decreasing, the value goes up. It's hard to get people to give away something in exchange for $10,000 in value if they think/know they can get $12,000 in value for it next month.

I've read articles that espouse having a set of coins that are related, one inflationary, and one deflationary. The deflationary coin would be used for saving and holding value as it would increase over time. The inflationary coin would be used for spending. The value would go down over time, so it would make more sense to spend it in exchange for goods.

I agree with what you're saying, I just want everyone else to be the ones who are selling right now. ;)

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