Bitcoin may be inflation proof, but it doesn’t seem like bitcoin is deflation proof.
An example is you buy house for 2 bitcoin, then a few years later after bitcoin has increased its value the house is now worth only 1 bitcoin.
What is the solution to this problem?
I suppose the value of everything would also be approximately half as many bitcoins, but without a fiat currency to measure against what would be used to track the value of bitcoin?
#bitcoin #cryptocurency #fiat #monetary #policy