Post
Topic
Board Economics
Re: Bitcoin MYTH #34: Owning 10% of money ≠ owning 10% of the world.
by
twiifm
on 04/04/2014, 15:11:57 UTC

You can buy anything with it. That is the point. It is the most sellable good on the market.

You can not aggregate everything of value in the real world, and think that there must be money to buy everything. There is no such relation. The aggregate value of money is different from the aggregate value of things to buy.

The aggregate value of money is the aggregate of what value each participant wants to have in reserve.



I agree.  My comment is directed at hoarding bit coins