Post
Topic
Board Altcoin Discussion
Re: Alt coins vs. fiat currency
by
Sirnero111
on 21/08/2018, 06:50:15 UTC
There are significant differences between the traditional digital currency in your bank account and cryptocurrencies like Bitcoin. One of the biggest contrasts between the two is bitcoin’s deflationary attributes which is backed by the currency’s 21 million capped supply. Many economists believe this is a great benefit as the public knows that there are only so many bitcoins, which causes people to save, and purchasing power usually increases.