Author

Topic: Best way to spend BTC (Read 613 times)

legendary
Activity: 1988
Merit: 1007
May 27, 2014, 02:07:29 AM
#2
If people are holding, then the BTC economy doesn't grow as fast. But if you mine with it and spend existing BTC for mining hardware, then that starts a new economic area, ie shops that carry mining equipment.

Using it for anything at all helps create liquidity. Using it for services is often better than items for this as well since it allows people to choose when to sell (as opposed to selling as soon as they get the coins in order to pay for new stock).
newbie
Activity: 43
Merit: 0
May 27, 2014, 02:03:50 AM
#1
If people are holding, then the BTC economy doesn't grow as fast. But if you mine with it and spend existing BTC for mining hardware, then that starts a new economic area, ie shops that carry mining equipment.
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