Do any of the naysayers take into account the money being pumped into the economy because of bitcoin? I just dropped $500 on mining gear. Nothing compared to what others are doing. But still, $500 going out into the economy that otherwise would not have been spent.
If "money is being pumped into the economy," does that not mean that "goods are being pumped out of the economy"? How does this help anything? Spending money does not "stimulate" the real economy unless that spending went into something profitable, ie - successful investment. Spending money does stimulate GDP figures, but that's just cause GDP is a measure of spending
Let's bury this silly Keynesian notion that spending is valuable for its own sake.