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Old 12-09-2013, 02:21 PM   #59
herzmeister
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Quote:
Originally Posted by dontpushme View Post
if bitcoin is bought with hard government fiat currency, then surely bitcoin is subject to inflation?

bitcoin has lost value through inflation, i keep meaning to read about bitcoin but not got round to it, but i imagine that is how it works?
They optionally can be bought with gov fiat currency (you can also sell stuff, provide goods or services to earn them just like you would with any other currency, or you can mine them if you're tech-savvy).

Bitcoin has its own money supply and thus the exchange value is fluctuating all the time. If bitcoins continue to appreciate, then you will get milk tomorrow for less bitcoins than today.
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Last edited by herzmeister; 12-09-2013 at 02:22 PM.
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