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> I wouldn't spend it, I would hang on to it. Well the point of money is to use it at some point, your theory is right if people were to live for the infinity
by aucisson_masque 2y ago
> I wouldn't spend it, I would hang on to it.
Well the point of money is to use it at some point, your theory is right if people were to live for the infinity but we don't so at some point you will spend all your hard earned Bitcoin because you just don't want to die rich but live rich.
That's the basic reason why all this nonsense about how bad having an deflationary economy is crap. People spend at some point their money, they don't hold on to it for ever.
At some point a balance between reward (money taking more value) and loss (time spent starving, not benefiting from your assets) is reached.