People have to buy things, there's no way that someone can possible sit on thousands of Bitcoins for the end of time and spend absolutely nothing like people here keep claiming, you need to buy furniture, you need to buy food, you need to buy clothes, you need to buy tools for whatever trade you do, this nonsense about deflationary currencies causing hoarding is just stupid because otherwise how the hell would empires that traded purely in gold and silver have survived?
I wish neo-keynesians would stop re-writing history, ignoring mathematics and making up hypothetical scenarios to suit their arguments, it really is like arguing with a religious person and it seems that like with religion the only way for other economic schools to prove them wrong is to create a working example that they can't fuck up and prove them to be the raving lunatics they are.
I'd encourage spending the bitcoins and when it comes time to sell something you have; sell it for bitcoins when possible. The peer to peer nature of Bitcoin is what drew many of us to the currency in the first place. Failing to use the coins to purchase goods and services is failing both ourselves and the Bitcoin network itself.
Buy stuff for bitcoins. Sell stuff for bitcoins. Buy bitcoins. Encourage others to do the same. It's a win/win/win/win situation. Praise Jesus...and Bitcoin. 😉
