One of the primary arguments against POS - that one doesn't need to spend/invest in order to earn money through fees - is also an argument against saving to earn interest.
Certainly there will be people who hoard in order to earn fees, but no entrepreneur will be satisfied with such low returns. They will spend/invest their money to develop useful products and services for the prospect of significantly greater returns than through collecting tolls. And other users will want to buy those products or services, since the product or service is worth more to them than the little income they earn from the POS transaction fees.
There will always be hoarders, as I say, but the hoarders provide ballast and stability to the currency. Most savers will use the currency because it only has value when it is spent to create or consume real-world products and services.
Certainly there will be people who hoard in order to earn fees, but no entrepreneur will be satisfied with such low returns. They will spend/invest their money to develop useful products and services for the prospect of significantly greater returns than through collecting tolls. And other users will want to buy those products or services, since the product or service is worth more to them than the little income they earn from the POS transaction fees.
There will always be hoarders, as I say, but the hoarders provide ballast and stability to the currency. Most savers will use the currency because it only has value when it is spent to create or consume real-world products and services.
Hey, luizchen, I notice that you copied my entire post from yesterday word-for-word, and represented my words as if they are yours.
What are you doing?https://bitcointalksearch.org/topic/m.5894437
One of the primary arguments against POS - that one doesn't need to spend/invest in order to earn money through fees - is also an argument against saving to earn interest.
Certainly there will be people who hoard in order to earn fees, but no entrepreneur will be satisfied with such low returns. They will spend/invest their money to develop useful products and services for the prospect of significantly greater returns than through collecting tolls. And other users will want to buy those products or services, since the product or service is worth more to them than the little income they earn from the POS transaction fees.
There will always be hoarders, as I say, but the hoarders provide ballast and stability to the currency. Most savers will use the currency because it only has value when it is spent to create or consume real-world products and services.
Certainly there will be people who hoard in order to earn fees, but no entrepreneur will be satisfied with such low returns. They will spend/invest their money to develop useful products and services for the prospect of significantly greater returns than through collecting tolls. And other users will want to buy those products or services, since the product or service is worth more to them than the little income they earn from the POS transaction fees.
There will always be hoarders, as I say, but the hoarders provide ballast and stability to the currency. Most savers will use the currency because it only has value when it is spent to create or consume real-world products and services.
