Re:The Cryptocurrency Singularity
by eosophos on Wednesday September 06, 2017 @12:54PM
(#15185126)
This is a really good point. Why would anyone spend their crypto on amazon if it could be worth 30% more in a week?
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Re:The Cryptocurrency Singularity
by vocatus_gate on Wednesday September 06, 2017 @01:55PM
(#15185680)
By that rationale, why would anyone buy a flatscreen TV today, when they know they could wait a few months and it would be a lot cheaper?
exactly that sort of thing DOES happen though - particularly with goods that have planned obsolescence cycles annually, so I'm not sure it's even a good comparison in the first place TBH
Think of it more from a general level and on even bigger purchases like a house. Everyone stopping buying houses for a year because they think sitting on their own currency (regardless of interest rates and the housing market) will make it cheaper is not a good thing.