Post
Topic
Board Bitcoin Discussion
Re: There's nothing wrong with trading Bitcoins
by
Red
on 24/10/2011, 22:20:50 UTC
Some guys on this forum keep saying that we urgently need people to sell goods/services in Bitcoins, preferably never exchange them to fiat throughout the production process. It's definitely good for the Bitcoin economy if finally many merchants are willing to do that.

While I agree with what you write. Balance is good. There seems to be a current lack of balance. It also appears that imbalance is growing. It is a really simple ratio to visualize.

Goods traded for Bitcoins
---------------------------------
Currencies traded for Bitcoins

As this ratio tends toward infinity, Bitcoin tends toward world domination.
As this ratio tends toward zero, Bitcoin tends toward a Ponzi scheme.


The big damper on Bitcoin adoption is that most non-bitcoin users understand the above intuitively. What they perceive is the above ration is tending toward zero. A predominance of speculation talk only reinforces that perception.