Post
Topic
Board Economics
Re: what if btc takes over €/$ ?
by
nebiki
on 15/02/2013, 04:15:26 UTC
People hoarding would have no affect on your ability to make a purchase using Bitcoin.

maybe, but would i want people to have hoarded thousands of these? they didn't work for them, just speculated and were there early. society just won't allow that.



You cant buy anything with BTC, it's only valuable because people can cash it out to fiat once the transaction is done with and can pay their rent/buy food, etc

yeah, now. the ideology, though, is that there's no more fiat currency and all is done in bitcoin.