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I'm not an economist, I don't see why this is a deal breaking issue. Could you please elaborate? If they spend or trade the coins, then they are distributed, i
by vectorpush 13y ago
I'm not an economist, I don't see why this is a deal breaking issue. Could you please elaborate?
If they spend or trade the coins, then they are distributed, if they do not, then its just cash under a mattress.
Additionally, it seems to me that a trillion USD "worth" of bitcoin is only a theoretical trillion seeing as there aren't any institutions capable of (or willing to) cash such a sum.
- tedunangst 13y agoPeople who are wealthy today but don't own bitcoins have little incentive to welcome the bitcoin nouveau riche to their ranks. Typically when you swap out old pesos for new pesos, you have a fixed exchange rate such that the rich stay rich and the poor stay poor.
- deleted 13y ago[deleted]