Post
Topic
Board Economics
Re: Bitcoin can never become a currency. Part 2: reward distribution.
by
deisik
on 03/07/2020, 17:19:56 UTC
1) It is equally good as a medium of exchange.

2) It is a good long-term value storage

You again come up with mutually exclusive starting conditions

There is no good medium of exchange which would be as good a long-term store of value in practice. Basically, you have just invented a perfect money, and then put it against a real fiat currency which is always inflationary and thus can't be a good long-term store of value. Indeed, the fiat currency would lose and collapse, but this approach is meaningless as one can always imagine something perfect, not possible in real life