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by epolanski 1495 days ago
Why something that has a finite supply would be viable as a currency.

Since it's deflative all the incentive is holding, not spending. Why buy a house for 5 bitcoins now, if I can get it at 4 bitcoins 3 months from now..What if I could get it at 1 bitcoin in 3 years...crazy right..?

And no one spends, because the incentive is not here.

Our economies are all based on people wanting to spend or invest rather than stock money.

2 comments

How is saving for the future somehow bad? People will spend on what's important and the bullshit will go bankrupt. Welcome to reality.
You're right. No one ever buys computers or phones. They'll be cheaper and more powerful tomorrow!