Why Bitcoin Will Never Be the Dominant Form of Money ...

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Australian Property Forum TradingView India. View live PRAG BOSIMI SYNTHETICS LTD chart to track its stock's price action. Find market predictions, PRAGBOS financials and market news. PLATINCOIN (PLC) is a cryptocurrency . PLATINCOIN has a current supply of 603,343,308.56148 with 5,001,073 in circulation. The last known price of PLATINCOIN is 2.57438982 USD and is down -1.90 over the last 24 hours. Of course, Bitcoin and gold are both considered alternative forms of money to fiat money. But there’s a big difference between gold and Bitcoins, in my opinion. Gold is a very poor medium of exchange because of its physical properties. This makes it a rather poor form of money, especially in a fast paced electronic economic system. But Bitcoin is different. Bitcoin has the potential to be ... The main problem with Bitcoin is that it’s inelastic.² Its supply is set to be fixed. This means it cannot be the dominant form of money because it cannot be issued as credit to debtors who need money they don’t presently have. This doesn’t mean that Bitcoin can’t serve as a form of money in much the same way that gold does, but Bitcoin’s biggest weakness is that its supply is fixed ...

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