Quote from: cr1776 on September 15, 2014, 07:26:10 PM

Quote from: kutaka on September 15, 2014, 07:14:51 PM

Hoarding is not bad, cut that bullshit please.

Whenever I want to buy something, I check if I can pay with bitcoin in that company or similar, but...

...I am not going to spend my bitcoins left and right only because some dude on the webs want the statistics of bitcoin transaction per day bumped.

+1

When people like it, it is "saving". When people don't like it, it is "hoarding".

When someone wants "saving" the "consumer culture" is attacked and people need to spend less; when they want spending, it is "hoarding", people have bought too much and need to do something else with it.

cr1776 is spot on here. I live in the USA where people, on average, have a terrible savings rate. Of course, the dollar itself discourages savings through inflation, if you toss your money in a bank account where it'll earn maybe 1 - 2% at best, you won't even be keeping up with inflation. Obviously, the opposite is happening with bitcoin, though it is much more volatile than the dollar, the long term trend has been consistently upward.

I consider the saving trend with bitcoin to be an absolute net positive. Would I spend my bitcoins? Yes and no. I'd have to see an attractive deal to justify spending bitcoins personally, and if I did, I'd buy more and spend the new ones rather than saving my investment stash of bitcoins.