Hacker News new | ask | show | jobs
by olefoo 4963 days ago
The problem with BitCoin at this stage in it's lifecycle is that there is a real tension between its use as means of exchange, and its use as a store of value; and too much hoarding will decrease the utility of BTC as a means of exchange.

If the people behind this effort really want to get the BTC economy rolling, they need to figure out some way for more people to _earn_ their way into it. If you have a hoard of BTC, now is a good time to figure out a project that you want to crowdsource; if you wait too long BTC will be worth nothing, because everyone will be saving theirs for later...

1 comments

I agree entirely! Everyone is sitting on their hoards of Bitcoin and not spending it. This is merely one attempt at a solution. One way for people to earn BTC IS to sell things.