• @boonhet@lemm.ee
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    218 days ago

    The problem is that if I have bitcoin, I can’t fucking spending it as currency, now can I? I’ll hate myself tomorrow when it’s gone up 2x.

    So if everyone has bitcoin, everyone HODLs, no currency changes hands and the economy just dies because nobody buys or sells anything.

    The minor inflation in EUR or USD accomplishes the exact opposite: Money keeps changing hands. The rich, obviously, want to keep everything they have. But oh look, if you just hoard it, it keeps slowly losing value over time! Now these rich assholes (along with anyone else who has significant savings) have to invest their money if they want it to keep value or even appreciate in value - and when it’s invested, that means someone else can actually do something with the money.

    • aiccount
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      018 days ago

      Removed by mod

      • aiccount
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        118 days ago

        It is hilarious that this was removed. Anyone can see what i wrote by replying to the comment. Please mods, explain what rule i broke.

      • @boonhet@lemm.ee
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        018 days ago

        And who’s going to buy anything for this local currency if it starts appreciating? It’ll be the death of economy.

        • aiccount
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          118 days ago

          Lots of people spend currencies that go up in value. Believe it or not, people sometimes want stuff now instead of the possibility of stuff later.