Bitcoins will never be a widespread currency, and generally speaking the only non-criminal reason you would buy them is for speculation, which is an inherently risky way to make money.
How much do you actually know about bitcoin though ? Potentially it could save massive amounts of money if implemented.
What the hell are you talking about? I know bitcoins will never be a widespread currency because their supply constantly shrinks and so they are deflationary. No rational government in the world is going to implement a currency that increases in value over time.
How does the supply shrink? They can be mined up to a certain point (21 million, I think), at which point the supply available to be mined is exhausted and the number of bitcoins in circulation remains static (thus forming a kind of quasi-gold standard, blech).
My bad, I thought the number of bitcoins in circulation diminished over time, not the number of new bitcoins minted. Once it approaches the limit it would still lead to stagnant/negative growth and/or deflation though.
I don't think deflation is bad in the way you guys probably do, but it will be over 130 years before bitcoins are done being mined.
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