Post
Topic
Board Economics
Re: = Grand Unified Solution to Lost Coins, Hoarding, Deflation, Speculation =
by
herzmeister
on 18/04/2013, 07:41:27 UTC
but mattress stuffers can not claim those benefits as being caused by their actions.  BitCoins economy is pure mattress stuffing without a hint of productive investment

1. what's wrong with taking control of the stored information of the value of my labor?

2. saving is merely a deferred form of investment. Saving up first will be preferred to loaning.

3. there is no value removed from circulation, especially if it's only the bits and bytes of a cryptocoin, and not silver that would actually perhaps be needed for other productive procession. If I die without passing on all my bitcoins, no productive value in society is lost. Bitcoins withheld from circulation merely raise the value of all others, until I spend them. At most this causes higher volatility than necessary. But with sufficient adoption, things will even out.