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You're right. 99% of the bitcoins owned today will never be spent on purchases. I wonder if this is simply due to ease of use. What can you really buy with them
by t0 13y ago
You're right. 99% of the bitcoins owned today will never be spent on purchases. I wonder if this is simply due to ease of use. What can you really buy with them? If they were accepted everywhere would this be different?
- tonyrjk 13y agoThe issue I think is that even if it were accepted everywhere, if it's value was going up, I won't want to spend it. Just by waiting I am guaranteed a solid rate of return. This is similar to deflation in the broader economy - people stop spending when they can buy more in the future for the same money.