the critics of the crypto-currency, no 1, accuse her of often lack of usability. Hardly anyone, according to the criticism, take Bitcoin seriously, to pay for it. Why this accusation is wrong.
David-separator
22. May 2019BTC$7.866,00 is to Save -0.87%part Facebook Twitter LinkedIn xing mail
uncool. In a consumer-driven society, money is usually only a short time on the account. Finally, the zero interest rate policy no longer leads to a creeping devaluation of Money, the saving is rewarded. Who has not consumed his hard-earned money directly, looking for profitable investment opportunities. To dismiss them out of Hand cycles, consequently, the formation of Boom-and-Bust. Because in the medium-term, a backlog of investments that will meet any demand for more. The plakativste example, for the formation of such investment, the real estate bubble in the United States, which triggered the 2008 global financial crisis was a bubble. Rising real estate prices in major German cities could be the result of a similar formation of bubbles.
Alternative Bitcoin
Here Bitcoin comes into play. As a Sound Money, that is, from the market due to its features of selected money, the digital Gold an Alternative to the consumer society. Because Bitcoin save promotes. As a deflationary currency BTC rewards those who shift consumption or investment decisions in the future and a sustainable lifestyle to maintain. The economic science speaks of the so-called time preferences. Fiat money encourages people with high time preferences, hard money promotes economic agents with low time preferences.
This Narrative, however, is in stark contrast to the economic Mainstream, the suspects in a fall in the supply of money, the risk of a deflationary spiral. Empirically provable that, however, is not.
store of Value; Bitcoin
Bitcoin as hard money alternative to inflationary Fiat money has all the properties, the value of memory need. Above all, it is the scarcity of the offer, which makes Bitcoin a potentially interesting value memory. Because with a declining inflation rate (every four years, the money supply growth, one speaks of the so-called Halving) should be halved in each unit of the digital gold with the growing Adoption of valuable.
Holder are aware of. According to the latest report of Delphi Digital, the amount of for a year now, still UTXOs (Unspent Transaction Outputs, so held BTC) on 23. April is about 61 percent. This is likely to go back to Hodler, the Coins in the run-up is accumulated, and even in the bear market, not sold, to you have:
1/ an important contributing factor to our forecast of what our analysis of UTXO age trends & how they’ve progressed relative to previous cycles. The 1Y+ holder rate what is 53.9% at BTCs low this past Dec, which is in line w/ the 1Y+ rate of 53.5% during the bottom of the previous cycle pic.twitter.com/4jW0fst7mI
Delphi Digital (@Delphi_Digital) May 2, 2019
the expected Win, it would be foolish simply, his BTC for something as Mundane as a “Cup of coffee” to spend. Bitcoin is not PayPal. Because, as Dan Hero on Twitter, is the most important Use Case of the crypto-currency no 1 its store of value function.
Using Bitcoin for anything other than SoV misaligns expectations and damage Bitcoin in the long term. For example, “coffee payments” side have such skewed expectations that people think Bitcoin isn’t successful unless it’s a cheap PayPal.
— Dan Hedl (@danheld) May 21, 2019
the bottom line is that rising rates reflect the long-term this is a market economic need for money, can devalue no Central instance. The understood Hodler.
Blockchain- & Fintech Jobs : looking for a new challenge? In our job Board your current job ads from the Blockchain- & Fintech companies.
More:
5 commandments that Bitcoiners to follow 5 ways Bitcoin should be able to destroy 5 reasons why Bitcoin is undervalued is