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If the value of Bitcoins is bound to go up, no matter what, then why don't we all exchange our dollars and euros to bitcoins and stop spending completely? I th
by jpalomaki 14y ago
If the value of Bitcoins is bound to go up, no matter what, then why don't we all exchange our dollars and euros to bitcoins and stop spending completely?
I think the mistake people make when comparing Bitcoin to historical counterparts is that they don't realize that Bitcoins are easy to split up and exchange. This is not the case with physical currencies. Splitting for example copper coins is not very practical so it is much easier to run "out-of-money" if the supply is limited.