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that's not a very compelling argument given traditional-currency savings accounts will at least grant you very small interest rates.
by alexjeffrey 14y ago
that's not a very compelling argument given traditional-currency savings accounts will at least grant you very small interest rates.
- wcoenen 14y agoSure, but you get the other advantages of bitcoin. I interpreted the question as coming from a bitcoin user: "why use bitcoin+demurrage if I can just use bitcoin?" If you have already decided that a savings account with interest is an even better way to store value, then my argument indeed doesn't work.
- khuey 14y agoFiat currency savings accounts almost universally have negative rates of real return. (The small amount of nominal interest is cancelled out by a couple percent per year of inflation).