Post
Topic
Board Economics
Re: What if the necessity of use outweighs the desire of gold?
by
deisik
on 15/03/2015, 14:03:56 UTC
As great as bitcoin;s are for store of value, they sometimes have to be used in order to create more economic output, which means spent….

There are spenders, borrowers and savers in every economy.
We need all types to have  a robust economy. 
The spenders increase bitcoin acceptance; the savers provide a price floor.

And what are doing borrowers? What is their purpose in the economy? In a fiat economy they create new money (through banks lending to them) thereby shifting expenditure from the future into the present ("borrowed life"), but do we need borrowers in the Bitcoin economy?