In short, bitcoin currency is inherently deflationary due to natural loss of coins. The problem, however, is mitigated by their infinite divisibility - a million years from now the whole world will only have one bit coin in operation, and everyone will operate in pico-coins. A pint of beer - 5 picocoins, hourly wage - 100 picocoins.
In short, bitcoin currency is inherently deflationary due to natural loss of coins. The problem, however, is mitigated by their infinite divisibility - a million years from now the whole world will only have one bit coin in operation, and everyone will operate in pico-coins. A pint of beer - 5 picocoins, hourly wage - 100 picocoins.