Quote:
Originally Posted by BananaPancakes
I'm not sure you know what inflation is?
Bitcoin is programmatically deflationary. Each new bitcoin is more difficult to mine than the last, with a hard limit on the total amount available (21 million). There is no centralized body or government that can dump new bitcoin into the economy and devalue your holdings unlike with fiat currencies.
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I know what inflation is. You're lauding the stability of the currency at a time when the exact opposite is taking place. They're incredibly volatile at this point, and granted that's been to upside as of late, but who could really commit a pile of money here and be sure that will continue?