A German Business Magazine: Bitcoin has consistently been superior to paper money in some ways.
A German business magazine: Bitcoin has consistently been superior in paper money, while many major media figures and some analysts look at bitcoins with doubts (and sometimes some false information that they already had). ), Others began to honestly evaluate the currency they were ciphering.
While many major media personalities and some analysts look at bitcoin doubts (and sometimes reuse the previously reported misconceptions), others began to honestly evaluate the encrypted currency. .
The article, written by an economist named Thorsten Polleit, argues that the emergence of encrypted currencies has created a monetary revolution that can ultimately eradicate and replace national class currencies.
According to him, classical currencies have four inherent defects:
- Swelling
- Inequality of monetary distribution
- The tendency to create a recessionary cycle
- The temptation to increase national debt
Polleit says that the DIGI currencies will avoid such problems due to the competition in the market. As long as the currency does not have a state monopoly, consumer demand should choose the best coins.
However, it should be noted that all ciphered currencies do not resist the shortcomings Polleit pointed out to them. Many foreign currencies are inflationable, although their inflation rates are constant rather than volatile. Diverse distribution models of the currencies can also indicate inequality, and there is much debate over which method is best for Kevin / Token distribution. With the separation of monetary policy from governments, two last problems can be prevented.
Polleit believes that by reducing the power of classic currency purchases and reducing cash transactions by governments, we will increase demand for Bitcoin consumers. In Blockacquin, he sees the power to make a worthless classic currency.
"Anyone who receives an encrypted currency must know that he does not invest, but he is doing a transaction without having a clear valuation formula, because these currencies, as opposed to stocks or bonds, There is no definite evaluation, this applies to raw materials or artistic works. You can not even understand that the cost you paid for that currency justifies the value of Kevin's intrinsic value. "
That's why he seems to prefer the colorful kvins that depend on physical assets, such as gold.
Unlike other Bitcoin analysts, Polleit encourages investors to keep up with market speculation. He says a rational investor should put his capital in "big companies" and consider a long-term approach to markets. The monetary revolution may lead to economic change, but he says companies will continue to achieve positive returns, regardless of which currency or currency they use to trade in the business.
.good luck.
