Post
Topic
Board Economics
Re: Hmm... is it time to crash BTC exchange rates yet?
by
BTConomist
on 26/05/2013, 07:22:52 UTC

Spend a little, save a little more.


Given what goes behind the scenes, when relying on accounting principles instead of speculation for price discovery, your suggestion would chip away at BTC's value, whereas "save a little, spend a little more" would add to BTC's value. Try to play around with those two alternative approaches in your head, see if you can figure out why I tend to hold a different view regarding the BTC price discovery mechanism. This is still only a hint — not meant as an explanation.