Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is.
The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger from local shop.
Look at this, even Bitcoin conference doesn't want to accept BTC in payments for tickets, so where can you use use BTC if not on a BTC conference?
The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger from local shop.
Look at this, even Bitcoin conference doesn't want to accept BTC in payments for tickets, so where can you use use BTC if not on a BTC conference?
https://news.bitcoin.com/miami-bitcoin-conference-stops-acce...