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SubscribeIs limited supply money such as Bitcoin better over the current forms of money?
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#1
Is limited supply money such as Bitcoin better over the current forms of money?
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#2
Is better because if inflation on my opinion, but if people will need more money to buy what they need we still need fiat money to be printed because sometimes need more money on economy.
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#3
Limited supply is the key characteristics that makes the market of bitcoin to be progressive. If there is no limitations every user finds way to get it with ease. Even there are chances of fake bitcoins to strike the market though it is completely processed through technology. This being open sourced without flaws keeps everything under limit even when there is no controlling authority.
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#4
We can't really say better because they both have their own edges and downsides. I guess for now, if we talk locally, cryptocurrencies such as Bitcoin may fall behind.
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#5
For some aspects, it has its advantage. But as you can see, if you are to purchase good from your local store, you wouldn't be able to use cryptocurrency, right? In that case, fiat money is better.
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Sendo12 (09-04-2019)
#6
That's right. I'd say that cryptocurrency better serves as an asset or investment rather than for consumption like that of fiat currency.Originally Posted by Aya
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