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Board Beginners & Help
Re: Why would anyone spend their coins?
by
hashturbator
on 22/11/2013, 22:35:06 UTC
Why spend something today that will be worth more tomorrow?

That is the big question many economists will argue as to the validity of using a deflationary currency. Sure, right now it is difficult to imagine parting with our coins while the value increases so dramatically, but that won't be the case forever. At some point, the market will find stability and people will have to decide whether it is of more value to them to obtain a particular good or service now than it is to potentially gain a negligible % more by holding. You might be willing to go hungry today if you can make 50% on your holdings, but are you willing to go hungry tomorrow if your holdings only net you .25% earnings?

Debt money is a form of slavery.
This deserves repeating.