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Author Topic: Summers and Swiss bitcoin hoards  (Read 404 times)
LakeBTC (OP)
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May 28, 2015, 03:38:29 AM
 #1

What we do know is that there are clear synergies between bitcoin and the secular stagnation thesis.

Yet bitcoin as it stands is a system that pulls critical resources and capital away from producers and infrastructure developers and passes them over to predators or undeserving spendthrifts, often in a way that allows them to get something for nothing or which facilitates value hoarding.

Perhaps the thinking is that we need real economists to teach the bitcoin faithful the importance of investing rather than hoarding money?

[...]

http://ftalphaville.ft.com/2015/05/27/2130503/summers-and-swiss-bitcoin-hoards/

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