Post
Topic
Board Economics
Re: Is it a value reserve?
by
magneto
on 21/05/2019, 07:30:17 UTC
Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?

What do you mean 'in a deterministic sense'? That's the part of your post that I did not understand.

Bitcoin is a long term store of value by design, given that it doesn't have the issues that fiat currencies are faced with in terms of the ease of which the value of fiat currencies can be debased simply through centralised manipulation.

Even if bitcoin doesn't necessarily replace fiat, it will be of value in the sense that it'll provide a stable, save haven type global asset for people to hedge against inflation in fiat, especially in countries which suffer from hyperinflation. Perhaps that's the answer you're looking for.