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.
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.
Astute and echos some of my throughts.
The next post by Johnny after the above quoted one was spot on.
I had relevant economic discussion in the other Monero thread.