why is it so difficult to see why this, too, has a negative impact on the adoption of bitcoin? this is all i've been trying to say this entire thread.
Because it makes zero sense: Hey people, we have a problem!! Many people will want to use Bitcoin so bitcoins are going to become very
valuablevolatile therefor no one will want to use it!!!11
I mean, I don't know what more to say to this.
FTFY. you continue to respond to a point that i'm not making, and ignore the one that i am. i don't really know what more to say to this.
try again? reread the post i linked last. seriously. i don't even mention the words deflationary spiral. it's all about bad behavior. please, please, please put the effort in if you're going to post again. otherwise just don't bother.
;tldr: "The economy must grow" <- I'm sick of that shit. In a deflationary spiral "the economy would grind to a halt" <- I seriously doubt that.
i know the OP is about this. but the discussion has moved way past this dead horse. no one is arguing that the economy will grind to a halt... i didn't even say that in the OP. i referenced the mechanism of the deflationary spiral as a way to explain recent price rises. i feel it's also an example of predatory speculation, which will lead to newcomers having a bad time.