Post
Topic
Board Speculation
Re: Overwhelmed by emotions shown here
by
Peter R
on 19/04/2014, 23:18:29 UTC
I don't really understand you folks. Why you want so much that it goes to the moon? If I had bitcoins I wouldn't feel this way. If the value of my assets increased that much as you all want and expect, I wouldn't feel good about it. It would feel to me like an undeserved reward. My deeply held belief is that you have to work hard to become rich, and not just sit down and watch your wealth increase.

If you have more and truly want less, then you could just donate the money you didn't want to a cause that you supported.  Is this not preferable?


Let's consider your next points below:

Quote
I think potential big increase in value of bitcoin is not good for anyone.
It's not good for economy, because people would spend less, hoping their bitcoins would become even more valuable.
Less spending = less economic activity.

Let's say you are correct that people would have more freedom (money) to purchase goods and yet would abstain from doing so.  This seems sort of ideal as then we would be exploiting our natural resources at a slower rate, while still remaining satisfied with what we have.  

WIN.

Quote
People would also work less. Why work, if you can just do nothing and watch your bitcoins become more valuable.
Less work = less economic activity.

Let's say you are correct that people would have more freedom (time) to pursue their own interests.  I expect those with industrial ambitions to pursue them, while those with arts or music passions to make music and art, and those with an interest in lying on the beach to … lie on the beach.  

WIN.

Quote
People would also invest less in real companies. Why invest in something that grows slow, when you can invest in bitcoin which grows fast?
Less investments = less economic activity.

Let's say you are correct that people would have more freedom (control) to direct their wealth as they choose.  Some would hoard it like you said, but others would look to direct it towards building their vision of a better tomorrow.  If demand for money increases, so will interest rates and it will motivate "hoarders" to become "lenders."  Seems like a good way to kill inefficient businesses while letting efficient businesses thrive.  

WIN.


It seems that you are worried about people having more money, time and control over their lives.  I find this puzzling.