Post
Topic
Board Speculation
Re: Those who deny that BTC will rise to seven figures: clearly explain yourselves
by
johnyj
on 28/08/2013, 22:37:15 UTC

you usually complain about money velocity and when it comes to inflation your opinion is the less the value of the money becomes over time the better it is LOL

Incentivises spending and discourages hoarding, lol.  

I have proved that deflative currency will incentivise spending and discourage hoarding permanently when a certain amount of saving is done, so this is not the real reason behind the adoption of inflative currency

The real reason could be:

1. Without a fast circulation of money, the banks would not make enough income in interest

2. If people don't spend fiat money, then they don't need fiat money, then fiat money will lose its value quickly, the money printing scam will be discovered easily