Post
Topic
Board Bitcoin Discussion
Re: I was asked a tough question, who can help me answer?
by
nakowa
on 22/07/2011, 01:20:24 UTC
The simplest way to see the fallacy is this: Would you rather have 10 bitcoins today or 10 bitcoins in ten years? Since 10 bitcoins today includes the ability to have 10 bitcoins in ten years plus the additional ability to spend them before that if that's helpful, it must be worth more today. So by holding bitcoins you are forfeiting the additional value from the ability to spend them.

Elegant explanation.