Can Bitcoin be Considered A Sovereign Currency?

Written by philippkallerhoff | Published 2019/09/02
Tech Story Tags: bitcoin | sovereign-currency | latest-tech-stories | bitcoin-spotlight | hackernoon-top-story | store-of-value | medium-of-exchange | unit-of-account | web-monetization

TLDR Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records. With the next halving of the block reward time (probably in 2020), Bitcoin will inflate with less than 2% per year (or a stock-to-flow ratio above 50) Bitcoin inflation is defined to decrease over time to zero. After the next. halving, the pressure on the market to absorb these bitcoins will be just 50% and could therefore provide a relief on the Bitcoin price.via the TL;DR App
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Written by philippkallerhoff | Founder at www.protosmanagement.com. Senior portfolio manager and quant. PhD in Comp Neuro. SU Alumn
Published by HackerNoon on 2019/09/02
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