What is different about Bitcoin is that the amount of it will be fixed, therefore no monetary inflation is really possible.
However there's another problem, deflation. The people who get in there first and generate loads of BitCoins will gradually get richer and richer if they just sit on their money and don't trade it. It seems unfair that someone who got in first gets to be rich in this new bitcoin world.
However there's another problem, deflation. The people who get in there first and generate loads of BitCoins will gradually get richer and richer if they just sit on their money and don't trade it. It seems unfair that someone who got in first gets to be rich in this new bitcoin world.