Post
Topic
Board Economics
Re: Do you really believe in bitcoin as a currency?
by
defaced
on 17/11/2013, 20:18:56 UTC
I think bitcoin as a currency will help promote spending awareness. For instance, 2 years ago I spent 400 bitcoins on a $200 item that has since been long gone.. That was a really bad decision. Today, I spend my btc alot more cautiously, or just use fiat. Which then makes me question.. Will everyone start doing the same thing? Does deflation encourage hoarding? And if so, how will we be able to promote wealth redistribution?