Bitcoin as Common Currency ? – Bitcoints


Published on October 12th, 2017 | by bitcoin


Bitcoin as Common Currency ?

One is somewhat tautological, and that is the fact that bitcoin exists at all, that it seemingly cannot die.
The more bitcoin shrugs off attacks, the more it highlights its core value as an immutable currency of the people.
There is, however, a paradox here: this scarcity feature could actually undermine bitcoin’s appeal as a currency.
But as many economists often point out, neither should a currency be overly appealing as a store of value.
Experimenting with inflation
That’s what’s happening at the MIT Media Lab’s Digital Currency Initiative, where I am a senior advisor.


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