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Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by lmm on Friday October 13, 2017 @11:39AM (#15466606)
> You can buy a better computer by waiting. Does that stop you from buying computers?

On the margin, yes. It doesn't stop me from ever doing it, but it does mean I put off upgrading as long as possible.

Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by olegkikin on Friday October 13, 2017 @11:44AM (#15466642)
In other words, you buy computers when you need to. Seems healthy.
Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by lmm on Friday October 13, 2017 @11:53AM (#15466715)
It's bad for the velocity of the economy; holding a computer you're not using isn't great, but holding money you're not using is even worse, because by buying the computer you're sending out price signals earlier on that the rest of the economy can use to allocate resources appropriately. And deflation has a nasty tendency to form a self-reinforcing spiral (as does inflation to a slightly lesser extent, so the preferred approach is to have people actively adjusting interest rates etc. to keep a currency value reasonably stable but with a small rate of inflation).
Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by olegkikin on Friday October 13, 2017 @12:17PM (#15466951)
The economy is not everything. It's better people use their money more rationally, rather than buying junk that they don't really need, which then falls apart and poisons our soils and oceans.

Plus it's quite clear to me that people are willing to spend their deflationary currency on the things that they believe in - the whole ICO market demonstrates it.

Re:Bitcoin Is Now Bigger Than Goldman Sachs and Morgan Stanley by lmm on Sunday October 15, 2017 @01:45PM (#15478141)
Not really - ICOs are just buying other, more deflationary cryptocurrencies.