Post
Topic
Board Economics
Re: Please Read!! Help Stop This Madness.
by
coinballer
on 03/12/2013, 08:48:54 UTC

The department keeps arguing against bitcoin with these points.

1) Bitcoin is deflationary and it will cause it to fail. (facepalm)

2) Bitcoin is doomed to fail because people hoard it instead of spending it. No Economy exist.(facepalm x2)

3) Nobody uses Bitcoin for anything (Not Mainstream=Not real???) (Facepalm x 1,000,000)



Maybe you can quote one of the papers on how much Bitcoin is currently in circulation as a medium of exchange and compare that with how much Bitcoin is currently being used for store of value.

If you do, also post it here; I am interested to know.