Post
Topic
Board Economics
Re: On Hoarding
by
Red
on 05/08/2010, 05:15:08 UTC
Nonsense. I have a house, a computer, fancy operating system, foods, medication and the like. Compared to the kings of old, I have more absolute wealth in many area you can measure.
You absolutely have more bitcoins, but less gold than the kings of old.

But seriously, four guys discover the bitcoin system they all have $10,000 they want to trade for bitcoins, but they aren't sure about the system.

The first guy says what the fuck and trades his $1,000 for 200,000 BTC
The second guy decides a month later and trades his $1,000 but gets only 20,000 BTC.
The third guy is a little slower but says WFT a month later and trades $1,000 but gets only 2,000 BTC.

The fourth guy gets on twitter and says, "Screw bitcoin, it's a pyramid scheme. I'm trading for ฿ and spending them on Thai hookers. That's the way I want to be fucked!"

No one sees that as in obvious danger?