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A comment on Bitcoin rises. Parent comment

Re:Bitcoin rises by jessaustin on Tuesday March 19, 2013 @04:51PM (#5403555)
Bitcoin and its users have no duty to any existing "economy", and certainly don't amount to one themselves. If one's holdings of bitcoin appreciate with respect to some other commodity, eventually the wealth effect will make investment and other spending in that second commodity attractive. No one is in any sense stuck in a "bitcoin economy".

If I'm misunderstanding, please clarify.

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Re:Bitcoin rises by notahacker on Tuesday March 19, 2013 @07:44PM (#5404456)
Your above points are correct; depreciation in general is a bad thing but for a "parallel currency" aiming for a particular niche like Bitcoin it's probably not an issue, especially because holding Bitcoins is definitely not without risk.

(In the unlikely event that Bitcoins ever became widely popular with speculators, then governments will tax or restrict domestic purchasers or exchanges for Bitcoins (they can't and won't be especially efficient at doing this; the US/EU don't need to be to severely damage the exchange value of a Bitcoin.).

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