If only the bitcoin algorithm had been designed with a slow-but-steady inflation rate built in.
That would have eliminated the speculative "store of value" incentive and created a true currency.
Inflation is not a boogieman. When slow and steady and predictable its a net positive for society. It incentivizes investment and doing productive things with your money instead of holding it in non-productive gold or gold-like digital commodities.
That would have eliminated the speculative "store of value" incentive and created a true currency.
Inflation is not a boogieman. When slow and steady and predictable its a net positive for society. It incentivizes investment and doing productive things with your money instead of holding it in non-productive gold or gold-like digital commodities.