Post
Topic
Board Altcoin Discussion
Re: Monero Economy
by
Johnny Mnemonic
on 17/06/2014, 20:44:34 UTC
You're still dodging the question of why it's necessary to save in-currency! Answer it, please. Smart people store wealth in a diversity of assets outside their currency.

Not once did I say it's "impossible" to spend. I'm saying that in any given moment, spending is discouraged due to perpetually increasing value. Just because people do spend doesn't mean they're spending fast enough.

And Bitcoin has less than 50 million transactions in its entire life, so don't even pretend like you know if it's capable of supporting any economy of scale.

It's not a claim, it's a fact. If you make people lose money you are punishing them.

The people are not punished. Only their behavior is. If you want to save long-term, then invest in mutual funds or real estate or whatever you want, but don't sit on your currency.

people will simply use a coin that suits them better as a store of value. Individual savers will never care about creating artificial incentives for their economy, let alone a foreign or global economy.

I disagree. People will use whatever the hell is put in front of them. The coin that's easiest to get and easiest to spend will be the one that acheives mass adoption.