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Comment by RemoteWorker

Ah, the good old "if no one uses it as a currency it will die, so you have to spend it!" argument. The answer is that we are using it: as a store of value. But every time we explain this, detractors will invariably reply either that it's not a good store of value because it went down in <insert cherry-picked timeframe>, or that saving is bad for the economy because central bankers say so.

For these sort of questions, simply compare it to gold: Is it dying because "no one is using it" to buy groceries? Does it sometimes go down, and yet a lot of entities, including central banks, consider it a great store of value?

parent RemoteWorker 11 years ago

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