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RE: Adaptive Emission: Making Blockchain Economy Real

in #blockchain6 years ago

One BTC always = 1 BTC

Cryptocurrencies are stable, It's not when one measure crypto against the Fiat.

So Don't use Fiat, where there is a possibility to use Crypto. The more people use Crypto the more stable Crypto gets.

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Nevertheless, the exchange of values for the currency leads to the need to find standards. And cryptocurrencies are not yet able to serve as prices standarts.

Well not quite. Because basic supply and demand. The supply of BTC can't meet an exponentially increasing demand, or anything close to whole world adoption without a dramatic increase in price. The entire world would have to have BTC and use it for all transactions before price ever "stabilizes" but even then changing population and economies will still effect the price. This is because the supply doesn't react to changing or growing demands.

Hence the need for adaptive or dynamic emissions...

Further, although I love BTC why would I ever spend it?! It may go up in value and it costs me BTC in fees to do so. I have a credit card with fiat (which likely will go down in value) that gives me 1.5% back to spend it...

Any currency that charges fees to use, is never going to be a standard of use for the majority of people. It just doesn't make sense.

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