Actually, it's value as a medium of exchange is limited, as the creators of Bitc... | Hacker News

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		kaonashi on March 19, 2013 \| parent \| context \| favorite \| on: US Treasury Guidance on Virtual Currencies (aka Bi... Actually, it's value as a medium of exchange is limited, as the creators of Bitcoin have placed arbitrary limits on their creation; limits put in place to prop up Bitcoins' ability to be used as a store of value.

tempestn on March 19, 2013 [–]

It's nearly infinitely divisible, so not really limited as a medium of exchange.

kaonashi on March 19, 2013 | [–]

It has a strong deflationary bias.

http://www.moneycrashers.com/deflation-definition-causes-eff...

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