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June 08, 2013, 02:33:58 AM


Dude, stop the Keynesian "deflationary currency leads to hoarding and hoarding is bad"-crap. People buy things, because they both want and need things. You cannot delay a purchase forever (post-mortem anyone?) so the fact that the underlying currency gains in value isn't going to stop economic traffic in the least *.

*Although in the beginning people might need to get used to this, but it will be temporary. People will need to get used that merely holding currency isn't voluntarily paying more taxes and that saving can actually be a good thing as opposed to the credit hungry society the west is these days. I don't have any debt, but I can assure you I'm a vast minority ....

Keynesians are like cockroaches Tongue

Let me explain why I feel hoarding is bad , and not because of this keynesian b*** which i don't give a crap about.

Worst case scenario
We have people accumulating bitcoins , people not using bitcoins , price skyrocketing because bitcoin is such a great idea, and there are fewer and fewer bitcoins (people are stashing them)  until , some moroon realizes

Why the f*** is a bitcoin so pricey when you can't do anything with it.

You know what happens next. And this won't be a bubble burst.It's going a total bearpocalypse.

BTC is not about fast freeish transactions. It's about preserving and being able to freely transfer value, in a 100% decentralized and trust-free scenario. It enables you to completely control your wealth. I don't know if you understand the implications of this. And "saving" value is not necessarily inferior to "burning" value consuming just because money tends to be more valuable *NOW* than *TORROW*.

And, if the above alone was not enough, Bitcoin is also a way to scream *fuck off* at the face of a bunch of nasty gusty.