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«If the value of BTC continues to rise, you'll never want to buy anything with it» That's a fallacy that keeps being repeated by those who never thought this l
by mrb 9y ago
«If the value of BTC continues to rise, you'll never want to buy anything with it»
That's a fallacy that keeps being repeated by those who never thought this logic through. I spend bitcoins. I have been spending them for 7 years. Because the thing is no one knows for sure that Bitcoin will keep rising, or even maintain its value. Therefore spending bitcoins today is actually logically the less risky option.
In fact I can show that your argument doesn't hold in another way: if you think the value will keep rising, you should be putting all your life savings into Bitcoin at this very moment... And I know you are not doing it, because you don't know if Bitcoin will keep rising.