Re:Greenspan Says Bitcoin a Bubble Without Intrinsic Currenc...
by dragonwriter on Wednesday December 04, 2013 @07:57PM
(#6851851)
> Bitcoin encourages people to KEEP their bitcoins.
Particularly, so long as it is preceived to be likely to increase rapidly in value, it encourages them to use bitcoin as an investment vehicle rather than investing bitcoins in other things.
Obviously, if you want to consume things, you need to liquidate some assets to consume them, and if you've tied up your assets in bitcoin, you'll spend them for consumption.
Particularly, so long as it is preceived to be likely to increase rapidly in value, it encourages them to use bitcoin as an investment vehicle rather than investing bitcoins in other things.
Obviously, if you want to consume things, you need to liquidate some assets to consume them, and if you've tied up your assets in bitcoin, you'll spend them for consumption.