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I think it was just an analogy. The incentives are to defer purchases, if possible, which lower economic activity overall.
by hagbarth 2y ago
I think it was just an analogy. The incentives are to defer purchases, if possible, which lower economic activity overall.
- oneeyedpigeon 2y agoSure, my point was that there are many reasons someone might spend money today that might be better off saved for the future, however much it may increase in value.
- troupo 2y ago> there are many reasons someone might spend money today Yes, because that's the value of money. Bitcoin isn't money. It's a speculative asset precisely because people are hoping its value will only go up.
- oneeyedpigeon 2y agoI'm speaking from experience. I literally spent Bitcoin last week that I would rather have held, because I needed the money.
- robertlagrant 2y ago> It's a speculative asset precisely because people are hoping its value will only go up. This is the same for any currency trading.
- fastasucan 2y agoYes, bur you dont want to limit your populations spending to just those essential items.
- dlubarov 2y agoThere are other ways to encourage spending though, like a wealth tax. Not that I necessarily support it, but that would be the more comprehensive solution to hoarding, since it couldn't be worked around by just exchanging fiat for other assets like gold.