Re:What did Bitcoin Core contributors ever do for us?
by omarchowdhury on Sunday July 23, 2017 @07:39PM
(#14834959)
I'm in agreement with you there, there is no rationale to spend BTC in commerce with its current properties.
That however, is irrelevant to its lack of utility as a unit of exchange. In particular, if Bitcoin is "going to the moon" - i.e. expected to always increase in purchasing power superlinearly, why is it ever rational to spend a Bitcoin (or a Satoshi)? This is the problem with hyperdeflation.