Post
Topic
Board Economics
Re: Hmm... is it time to crash BTC exchange rates yet?
by
BTConomist
on 01/06/2013, 20:30:30 UTC
So, doing away with the GOLD 2.0 mania throughout the bitcoin community (through education on the inner workings of BTC currency) is the first step to getting the miners to start putting into circulation more batches of bitcoins.

Why are miners not circulating coins?  Are you implying that they should PRODUCE more coins or just SPEND more coins?


By "circulating" I merely imply SPEND more coins... But to answer you first question, why would miners be motivated to consistently spend coins to fuel the bitcoin economy if they believed in the GOLD 2.0 miracle? Hence the need for the vaccine against the GOLD 2.0 bug.