Quote from: Burogh on September 10, 2018, 12:55:07 PM

Quote from: abhutra on August 11, 2018, 11:19:19 AM

I like the blogs published by Bitmex. One of the awesome sources to gather knowledge around cryptocurrency.

In this blog they discuss problem and benefits of deflationary economics. https://blog.bitmex.com/bitcoin-economics-part-3/

To quote from this:

Quote

However, even if Bitcoin has solved this economic problem, perhaps its naive to think Bitcoin would result in a more prosperous economic system. Bitcoin is a new and unique system, which is likely to cause more economic problems, perhaps unexpected or new ones. After all there is no perfect money. It just may not be correct to apply the traditional economic problems of the past, to this new type of money. Although it may be more difficult, identifying Bitcoins potential economic problems may require more analysis and a stronger understanding of the underlying technology.

I agree that it's a new kind of monetary system and it would have it's own problem when it becomes well adapted. but economically speaking do we need this system adding to the complexity already existing financial system.

If mass adoption come, i am believe bitcoin value always increasing because more people need bitcoin to store their asset. Indeed bitcoin is new monetary system but central banks must be wont lose control on money supply

i think that too, but not for now. there are still many waiting to buy bitcoin and save it. besides, i think many are waiting for good news from bitcoin, so they will be calmer if floating positive