Sentences with phrase «deflationary currency»
A deflationary currency is a type of money that gradually increases in value over time. This means that the purchasing power of this currency keeps going up, and things become cheaper. Full definition
Fiat currency loses value over time due to inflation, whereas Bitcoin so far has been a deflationary currency, meaning that it gains in value over time despite fluctuations in its exchange rate.
entrepreneur.com
Proponents of Bitcoin claim that it is a «deflationary currency.»
Ethereum on the other hand has no maximum supply, and is capped at an annual rate of 18 million ether — meaning that the purchasing power of a deflationary currency (bitcoin) is expected to rise over time, whereas the value of an inflationary currency (ether) will drop.
In contrast, bitcoins are a deflationary currency.
Ripple is subject to some suspicion (and good rebuttals), mainly due to the fact that it is a deflationary currency — a little bit of Ripple gets shed with each transaction — , that it is centralised and that it is a business focused on banks and businesses, not consumers.
Ripple is subject to some suspicion (and good rebuttals), mainly due to the fact that it is a deflationary currency — a little bit of Ripple gets shed with each transaction — , that it is
Some cryptocurrencies limit the total number of digital «coins» that can exist within the system; these are deflationary currencies.
So, we've talked before in our article about «The Basics» (part of the Beginner's Guide to miles and points) about how miles and points are a deflationary currency.
Ripple is subject to some suspicion (and good rebuttals), mainly due to the fact that it is a deflationary currency — a little bit of Ripple gets shed with each transaction — , that it is centralised and that it is a business focused on banks and businesses, not consumers.
Ripple is subject to some suspicion (and good rebuttals), mainly due to the fact that it is a deflationary currency — a little bit of Ripple gets shed with each transaction — , that it is
Bitcoin has a theoretical limit of 21 million bitcoins ever produced which makes it a deflationary currency: its total amount in circulation shrinks over time as people lose access to their wallet, stockpile it, etc..
The reason for this is to create scarcity, which gives Bitcoin the added benefit of being a deflationary currency.
For a more detailed description of Bitcoin's economics, what makes money and how Bitcoin works in the economy as a whole see: «Bitcoin Explained» and «Bitcoin is a Deflationary Currency».
And this is compounded by the nature a deflationary currency.
Inflation itself can also be a motive for accepting Bitcoin as a payment method which is, in contrast, a deflationary currency with a tendency to gain value due to finite supply.