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0 pointsdiskcat10y ago0 comments

>If you hoard currency that is managed by a central authority, then other people can't obtain currency for their productivity, and thus can't consume market goods.

This is fixed by removing the central authority monopoly over the printing of money and/or make them actually print the money.

>until and unless the day when past hoarders rush to market at the same time

This is no different than the status quo. Bill Gates could try to 'cash in' all his 50 billions into rice. Would that be 'causing sudden inflation'?

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KannO10y ago

  This is fixed by removing the central authority monopoly 
  over the printing of money and/or make them actually 
  print the money.

During the BTC gold rush hype, people were buying GPUs and ASIC rigs along with plain ol "investing" in bitcoins as if it were a some "rare" collectable artifact destined to increase in value.

Why would I want to buy a loaf of bread from you today for 200 BTC when I assume next year I should be able to buy that loaf of bread for 0.01 BTC?

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