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See the Capitol Hill Baby Sitting Co-op[1] for how real life hoarding of stores of values mean that exchange completely stops. It is a classic currency story.
by justincormack 12y ago
See the Capitol Hill Baby Sitting Co-op[1] for how real life hoarding of stores of values mean that exchange completely stops. It is a classic currency story.
[1] https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op
- jafaku 12y agoIt doesn't seem like exchange is stopping: https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&show_header=true&daysAverageString=7×pan=all&scale=1&address= https://blockchain.info/charts/estimated-transaction-volume-... I love how Bitcoin is destroying all these economic "theories".