Re: Deflatory nature of Bitcoin - the problem and a possible solution
I challenge you to make any of your theory make sense using the equation of exchange, or a modified form of it with a logical proof of why the iteration makes sense.
At a words-level: the oldest deflationary good there is land continues to be traded and recommended for investment, even by those who cannot grasp the actual ways that a system like Bitcoin will interact with the remaining economy. Justify that, also, please. (As an investment, meaning you are not using it, merely "hoarding" it, as most land is held, and all is claimed. For most of us, land is the ultimate in an analogy to a 100% pre-mined coin. But its uniqueness is undeniable. This, BTW, is a useful fact for the "ponzi by early adopters / too late to invest" arguments.)
At a words-level: the oldest deflationary good there is land continues to be traded and recommended for investment, even by those who cannot grasp the actual ways that a system like Bitcoin will interact with the remaining economy. Justify that, also, please. (As an investment, meaning you are not using it, merely "hoarding" it, as most land is held, and all is claimed. For most of us, land is the ultimate in an analogy to a 100% pre-mined coin. But its uniqueness is undeniable. This, BTW, is a useful fact for the "ponzi by early adopters / too late to invest" arguments.)
Land is a good analogy. But same you could say about corporate shares or fonds. When they are increasing in value all the time, nobody will sell, ever! Most people tend to hoard there shares and live like a homeless guy and then on death bed they spend it.
Because: Money on the bank is much worthier than a nice TV or a trip to Thailand.
And sure, who will buy a coffee, when you can buy with that bitcoin 5% more coffee in one year?
