Post
Topic
Board Economics
Re: The problem of a depreciating currency
by
nonlinear
on 26/03/2013, 04:04:12 UTC
As a savings vehicle, depreciating currency (i.e. bitcoin) is an ideal place to park assets. Why in the world would I, or any other sane person spend the coins, knowing that tomorrow, they will have greater value.

As a savings vehicle, apppreciating currency (i.e. dollars) is an poor place to park assets. Why in the world would I, or any other sane person sell you something for dollars, knowing that tomorrow, they will have less value.