Post
Topic
Board Bitcoin Discussion
Re: Could rapid price appreciation prevent Bitcoin's success?
by
Ecurb123
on 11/11/2013, 18:09:22 UTC
I read this little article and I'm curious how much truth there is to it's claims, specifically:

Quote
How can Bitcoin become a real currency if it's not used in transactions? And why would anyone use it in transactions if becoming a real currency offers so much more price appreciation? This contradiction is a core problem, and it's a reason why it's probably doomed to fail (real currencies don't have this issue, since central banks prevent rapid price appreciation, and they mandate that the currency be used).

Read more: http://www.businessinsider.com/if-you-believe-in-bitcoin-you-should-never-buy-anything-in-bitcoin-2013-11#ixzz2kM39YlIJ





I think its true that too much appreciation too fast is not a great thing, it makes people less likely to spend, I can imagine if people have real full scales business in only btc, then it could be a pain if customers dry up because they want to save their btc.