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( I am rather trying the argument, rather than actually believing it myself.) There are not only BTCs, but also forks and other crypto currencies. So if BTCs h
by yk 13y ago
( I am rather trying the argument, rather than actually believing it myself.)
There are not only BTCs, but also forks and other crypto currencies. So if BTCs hording becomes a problem the incentive to adopt one of the alternatives will rise. Diminishing the value of BTC relative to some other currency and therefore suppressing ( at least to some extend) hording.
- oleganza 13y agoHoarding (saving) will never become a problem because the value of currency is derived from all savers willing to hold it. Why would I store money in an altcoin if Bitcoin has bigger number of savers and I project that it will only increase (and thus increasing my own wealth)? People want one money - the most marketable most liquid commodity to store their cash in. http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money http://blog.oleganza.com/post/54121516413/the-universe-wants...
- grinnbearit 13y agoMencius Moldbug expands on this concept http://unqualified-reservations.blogspot.in/2011/04/on-monetary-restandardization.html http://unqualified-reservations.blogspot.in/2011/04/on-monet...