One morning, still drunk. It was not the time to talk about the economy, because I felt my eyelids close.
The definition of Bitcoin that helped me to clear my sleep."Bitcoin is an electronic currency, free and limited supply.
-Clearly, what does the word "limited" refer to in this context.
I'm based on my own experience, so we may not agree. But it's undeniable that since we've known bitcoin, we've been talking about an unconventional monetary policy.
Bitcoin is still a currency, which is used to exchange goods and services. But the most relevant thing about this virtual currency or cryptocurrency is its reserve value.
The value of money is defined by its scarcity, just as money has always been part of our main needs. The game of money is mainly based on how to add more to our reserve value, how to maintain it, and how to invest that money before it loses its own economic value. With this said, I could clarify one of the details most relevant that differentiate between bitcoin and fiat.
In my opinion, this is one of the most attractive features of bitcoin. It is not complicated to understand that when anything, tangible or not, is more scarce, the more its value increases.
And that's how I was first described by Bitcoin. Unlike tangible money, like the money that was going to pay for that breakfast in the cafeteria where I was talking, bitcoin didn't have inflation.
Thanks for reading me!
