That would be true if owning bitcoins had intrinsic value, but they only have va...

		orbenn on Sept 7, 2011 \| parent \| context \| favorite \| on: Krugman on BitCoin That would be true if owning bitcoins had intrinsic value, but they only have value in terms of the things they can purchase, so no. Bitcoin maturity will actually cause bitcoins to decrease in value as inflation in the rest of the economy outpaces the rate of new bitcoin creation.