Here's my attempt to think through Bitcoin's alleged "hoarding" problem.http://www.forbes.com/sites/timothylee/2013/04/14/hoarding-causes-deflation-not-the-other-way-around/ …
@binarybits deflation also leads to hoarding. Some of the currency-users are actually speculators, and they refuse to spend / convert to USD
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@sarahjeong I'm sure some people are declining to spend Bitcoins because they think the value is going up.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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@sarahjeong But I don't see why that would cause macroeconomic problems for the "Bitcoin economy." -
@binarybits Yeah, I'm with you there. No one's using Bitcoin as a unit of account, not even the Bitcoin Foundation is doing that (any more).
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@sarahjeong As long as prices are flexible, they'll rise to bring supply in line with demand.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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