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    Author Topic: Will storing bitcoin kill it?  (Read 3403 times)
    Slark
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    March 06, 2017, 08:35:27 PM
     #41

    Bitcoin is a currency and as any other currency it need to circle to stay alive and to be demanded. Storing bitcoins really can kill this currency very fast.
    Bitcoin was invented to be form of currency, but it has many drawbacks and Satoshi knew that in its initial shape BTC is inferior to. already present at that time, centralized payment processors.
    At least if we are talking about transaction capacity (limited by block size) per second and 10 minutes confirmation. Peerless and decentralized network is still brilliant invention.

    The main problem of BTC today, is not even horrible fees, but lack of incentive to spend coins.
    There is no bonus for spending coins, in fact, you are being punished for using Bitcoin, due to deflationary nature of BTC.
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