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RE: Hype or Vision and invention or a gamble - Bitcoin from a number of angles

in #africa • 8 years ago

Even if it just doubles by 2021, it is a much better move than hanging on to a countries inflationary fiat currency. Bitcoin is deflationary. Finally the people will have a chance to own something that can't be inflated away by short term thinking governments.

8 years ago in #africa by
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     8 years ago 

    Doubles in terms of what? We know that BTC has a coded maximum number of units (21m) and we are at 16m+ now - so numerically it cannot double. Whereas if you are talking about value it cannot be measured against itself then what is the base - USD, Gold, Water? Value is in the eyes of the beholder - maybe Gold for an Indian but Water for a desert dweller.