Quote from: defaced on November 17, 2013, 08:18:56 PM

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?

I'm going to jump in here. The way I see it, IF bitcoin does take off in a big way, I think people would spend less money on things they dont need, only spending there precious bitcoins on things they NEED. This I hope will bring in a long overdue change to society, from care free spenders of debt riddled money, to something more careful, perhaps even beautiful.