Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 23/12/2017, 19:31:34 UTC
Creation of fiat is neccessary because they amount of goods, services, and people are constantly growing. If there was no new fiat, fiat would be deflationary and then nobody would spend it - only hoard it like bitcoins.

this



Does anyone remember computers? You used to have your money set aside to buy a computer...you go to the store and buy one, then a month later you find out that the same computer money has more value now, the computer you have is worth a lot less and you could have something better...if only you didn't spend that money on the computer and waited.

I guess the ad geniuses didn't think that through when they came up with those gizmos.
Yup, and that why so few of them are selling.