Post
Topic
Board Speculation
Re: If Bitcoin became the sole reserve currency...
by
bitbeg
on 08/12/2013, 13:39:42 UTC
if it ever comes that far, the current owners of bitcoin can only gain goods by spending their bitcoins.

unlike the current wealthy elite, they can not just print more money.

eventually even the richest bitcoiners will go broke if they keep spending their bitcoins.

True, but that still wouldn't change the fact that the richest Bitcoiners came upon an extreme amount of wealth and others did not. In fact, they came about the coins by attributing a value to them that literally comes from thin air, much in the same way as printed money.