nofi3939

4 ms·

1. 1.▲
   by nofi3939 13y ago

   It's true that the Overstock transaction itself doesn't create new demand. But it may bring new users who buy/hold BTC, if they see it as a useful store of value or just for convenience sake to make future purchases. Overstoc
2. 2.▲
   by nofi3939 13y ago

   If you believe that overstock will lead to increased demand for BTC (perhaps not due solely to overstock but a wave of merchants who follow suit) and that the demand outpaces BTC's inflation (i.e. the ~3600BTC mined into existence each
3. 3.▲
   by nofi3939 13y ago

   I would describe #3 more generally by saying that holding BTC creates an opportunity cost , unique to each person's circumstances. Some more reasons: 4. Lower transaction cost (especially for international transactions) 5. If you want