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Author Topic: Whats wrong with hoarding bitcoins?  (Read 3339 times)
FreeMoney
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June 05, 2011, 12:29:47 AM
 #21

Hoarding is evil; saving is virtuous.

 

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June 05, 2011, 12:56:09 AM
 #22

In a deflationary currency like BTC, some goods will be "devaluated" more than others: All goods which serve essential needs will receive higher valuation than any luxury stuff. This could change our way of life substantially. But I don't think this is a bad thing at all...

On the other hand, at some point the BTC valuation gain will slowdown and reach a dynamic equilibrium - there will still be changes in value but not as extreme as we see today, which are mainly caused by a huge influx of people entering BTC (this is far from over).

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June 05, 2011, 04:41:47 AM
 #23

The more the hoarders hoard, the more my coins can purchase. The total value of goods exchanged remains the same in either case.

HOARD ON!

good judgment comes from experience, and experience comes from bad judgment
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June 05, 2011, 06:06:20 AM
 #24

Hoarding is evil; saving is virtuous.

I detect a sense of humor in that tongue-in-check statement. 
Funny how the idea of "good & evil" can get be turned on it head.

Example #1: People with poor credit buy houses they can't afford.
We have been told that "evil" caused the financial crisis.

Example #2: Bankers demand Congress provide $24 trillion in bail-out funds.
We have been told that is "good" for the economy.

Example $3: Goldman Sachs CEO Lloyd Blankfein says firm is doing 'God's work'

Now that last one should make you laugh out loud. Talk about seeing good
and evil from a distorted perspective. Maybe Lloyd is referring to when his firm
stole $93 billion from Colonel Muammar Gadhafi. Maybe it is "good" to take from
those who do "evil" -- maybe that is his idea of doing God's work!

Yes, I'm beginning to see it now!

International Banks like Goldman Sachs have been about God's work as they
rape the PIGS (siphon billions of dollars from the weakest EU economies,
Portugal, Italy, Greece, Spain). Yes, it may be cheating and stealing
through monopoly, greed, deceit, and lies, but hey--it all good.

After all, a little austerity is good for the soul, it builds good moral character!
So in the end, you find that Satan is actually employed by God and the
so-called "evil" he does is really part of God's plan to help humanity.

Yes, it is perfectly clear!


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"Revolt now or be a debt slave." ~Max Keiser
http://goo.gl/E70AW

- Honest government requires honest money
- Decentralize everything, start with money
"Revolt now or be a debt slave." ~Max Keiser
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