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0 pointsAlexMax13y ago0 comments

> Nobody is saying Bitcoin is currently awesome and better than standard currencies. However, what is clear is its long-term viability.

This isn't clear to me at all.

There are a finite number of possible bitcoins, and once the last one is mined no new ones can be created. While it might be true that putting more USD into circulation causes the value of each individual dollar to go down, that's actually an incentive to spend money and create economic activity, instead of hoarding it hoping the price goes up.

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oleganza13y ago

Define "hoarding". Who exactly suffers from it? Especially in case of Bitcoin where nobody forces you to even care about it (unlike gov-issued legal tender).

j / k navigate · click thread line to collapse

0 pointsAlexMax13y ago0 comments

> Nobody is saying Bitcoin is currently awesome and better than standard currencies. However, what is clear is its long-term viability.

This isn't clear to me at all.

0 comments

oleganza13y ago

Define "hoarding". Who exactly suffers from it? Especially in case of Bitcoin where nobody forces you to even care about it (unlike gov-issued legal tender).

j / k navigate · click thread line to collapse