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Comment by olefoo

The problem with BitCoin at this stage in it's lifecycle is that there is a real tension between its use as means of exchange, and its use as a store of value; and too much hoarding will decrease the utility of BTC as a means of exchange.

If the people behind this effort really want to get the BTC economy rolling, they need to figure out some way for more people to _earn_ their way into it. If you have a hoard of BTC, now is a good time to figure out a project that you want to crowdsource; if you wait too long BTC will be worth nothing, because everyone will be saving theirs for later...

parent olefoo 14 years ago

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