News for hackers. Stuff that matters.

tonyrjk

Re:Bitcoin is dead. Long live bitcoin. on Wednesday April 24, 2013 @06:57PM (#5604520)
The issue I think is that even if it were accepted everywhere, if it's value was going up, I won't want to spend it. Just by waiting I am guaranteed a solid rate of return. This is similar to deflation in the broader economy - people stop spending when they can buy more in the future for the same money.