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A comment on Ask HN: Is anyone else glad the crypto market is crashing?. Parent comment

Re:Ask HN: Is anyone else glad the crypto market is crashing? by epolanski on Thursday May 12, 2022 @03:28PM (#31359114)
Why something that has a finite supply would be viable as a currency.

Since it's deflative all the incentive is holding, not spending. Why buy a house for 5 bitcoins now, if I can get it at 4 bitcoins 3 months from now..What if I could get it at 1 bitcoin in 3 years...crazy right..?

And no one spends, because the incentive is not here.

Our economies are all based on people wanting to spend or invest rather than stock money.

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Re:Ask HN: Is anyone else glad the crypto market is crashing? by mattwilsonn888 on Monday May 16, 2022 @04:43AM (#31394752)
How is saving for the future somehow bad? People will spend on what's important and the bullshit will go bankrupt. Welcome to reality.
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Re:Ask HN: Is anyone else glad the crypto market is crashing? by timtas on Tuesday May 17, 2022 @12:30PM (#31413055)
You're right. No one ever buys computers or phones. They'll be cheaper and more powerful tomorrow!
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