Bitcoin : Bitcoin will not stop inflation
While the method of how BTC is independent of a ‘Board’ or controlling party (Fed, IMF, etc.) and eventually will be capped at the 21 mark that will not stop inflation. I agree however it will limit inflation to a significant degree by removing those manipulative factors. It will be a market driven inflation, as it should be.
A key factor in inflation is the age old proven supply and demand principle. Proverbial example would be if there is only one loaf of bread left on the shelf then the person with more BTC will pay a higher price for that loaf raising the price of bread. Likewise if everyone is looking for a house but there are only a few homes for sale. The price of these homes will increase.
Just want to make sure we stay grounded in our expectations for the future. We will still have to compete for better paying jobs and earn more coin to buy the most toys in the neighborhood. No different then it is today.
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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