quote author=joker_josue link=topic=5515787.msg64676030#msg64676030 date=1730016267]
This situation sometimes occurred when the money in circulation was made of valuable metals (gold, silver and bronze). People preferred to spend coins with a lower metal value, to save those with a higher metal value. With inflation, coins with a higher metal value began to have a nominal value lower than the value of the metal they were made with, causing people to start melting these coins to obtain the metal. Thus, bad coins ended up dominating the market, and good coins disappeared.
[/quote]
Here you are talking about physical coins, metals, which have different values. In the case of bitcoin ("gold") there are no other "metals". If you offer altcoins as alternatives to "silver" (but don't include litecoin here) and "bronze", then this will be an incorrect comparison, because all this doesn't compare to bitcoin. Altcoins can't be "melted" into the original more valuable metal, because it was garbage and remains so.
The centuries when money had physical value are far behind. Money now is just a piece of paper that does not have any physical or practical value (similar to Gresham's law, the paper from which the money of African countries is made is more profitable to hand over to waste paper?
). And in the future - it will be only 1 and 0 in the system code.
This situation sometimes occurred when the money in circulation was made of valuable metals (gold, silver and bronze). People preferred to spend coins with a lower metal value, to save those with a higher metal value. With inflation, coins with a higher metal value began to have a nominal value lower than the value of the metal they were made with, causing people to start melting these coins to obtain the metal. Thus, bad coins ended up dominating the market, and good coins disappeared.
[/quote]
Here you are talking about physical coins, metals, which have different values. In the case of bitcoin ("gold") there are no other "metals". If you offer altcoins as alternatives to "silver" (but don't include litecoin here) and "bronze", then this will be an incorrect comparison, because all this doesn't compare to bitcoin. Altcoins can't be "melted" into the original more valuable metal, because it was garbage and remains so.
Could something like this happen to Bitcoin?
In other words, are people starting to want to save their BTC coins so much that their value is lost?
If some try to save their bitcoin, it doesn't mean that others will lose the desire to possess the same thing. This will lead to the fact that the more some try to save, the less of it will go to those who want to possess it, which in turn will spur the growth of the cost of bitcoin.In other words, are people starting to want to save their BTC coins so much that their value is lost?
The centuries when money had physical value are far behind. Money now is just a piece of paper that does not have any physical or practical value (similar to Gresham's law, the paper from which the money of African countries is made is more profitable to hand over to waste paper?
). And in the future - it will be only 1 and 0 in the system code.