Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf]
by Udik on Saturday December 09, 2017 @04:37AM
(#15885038)
> But you still purchased it eventually
For the reasons I explained, and that apply only to a small subset of goods.
> Would it be bad thing if it did happen to other goods on the market?
That is definitely not decided by the currency.
> risks of default are so low as to be negligible
Those have also negligible interest rates, that is, ones that only repay you of the inconvenience of not spending your money now. You know, there's also a non negligible risk that you'll die before you get your money back.
For the reasons I explained, and that apply only to a small subset of goods.
> Would it be bad thing if it did happen to other goods on the market?
That is definitely not decided by the currency.
> risks of default are so low as to be negligible
Those have also negligible interest rates, that is, ones that only repay you of the inconvenience of not spending your money now. You know, there's also a non negligible risk that you'll die before you get your money back.