Soo those people who lost access to their coins the early adopters, they are storing against their wishes, the number of bitcoin losted i believe its huge, and i believe Nakamoto has some similiar situation, maybe some problem affected him and might be dead already with those coins stored forever into the wallet, till a family get his things or sell them. I dont see any problem about those, the coins in circulation are more then enought to cover the costumers interests.
But we can always look at the bright side. If more and more Bitcoins are stored and lost forever, then there would be less Bitcoins that's being circulated. Eventually, Bitcoin will be scarce because of that reason. I think once a Bitcoiner dies, his Bitcoins will remain in his wallet unless somebody near him knows how to import a private key or somebody guesses his password in Blockchain. There's no other way to recover a trapped Bitcoin but that. 
Topic: Storing of Bitcoins is against Bitcoin. - page 17. (Read 41825 times)
That fact that bitcoin can be used as payment in shops is the main difference between bitcoin and altcoins.
Businesses have grown on that fact and those businesses are the interface between bitcoin and the economy and the reason why the economy is beginning to accept bitcoin largely.
By storing bitcoins exactly that point gets weakened.
When the bitcoin payment systems should turn out to be not profitable anymore because too much coins are stored instead of used, the image of bitcoin in the economy will start to fade.
That would clearly not be to the benefit of bitcoin.
Businesses have grown on that fact and those businesses are the interface between bitcoin and the economy and the reason why the economy is beginning to accept bitcoin largely.
By storing bitcoins exactly that point gets weakened.
When the bitcoin payment systems should turn out to be not profitable anymore because too much coins are stored instead of used, the image of bitcoin in the economy will start to fade.
That would clearly not be to the benefit of bitcoin.
I don't know what are you trying to imply here. Storing of
bitcoin is not against bitcoin. You know that storing of bitcoin
in any wallet makes also earn profit every withdrawal they
make. Thus, storing and spending bitcoin makes good and
not against bitcoin.
Storing bitcoin in wallet with long time can affect on increasing price of bitcoin, spending bitcoin can help to boost the price of bitcoin because the demand will continue to increase also the price will increase too while if we keep holding the demand will increase slowly. bitcoin is not against bitcoin. You know that storing of bitcoin
in any wallet makes also earn profit every withdrawal they
make. Thus, storing and spending bitcoin makes good and
not against bitcoin.
I don't know what are you trying to imply here. Storing of
bitcoin is not against bitcoin. You know that storing of bitcoin
in any wallet makes also earn profit every withdrawal they
make. Thus, storing and spending bitcoin makes good and
not against bitcoin.
bitcoin is not against bitcoin. You know that storing of bitcoin
in any wallet makes also earn profit every withdrawal they
make. Thus, storing and spending bitcoin makes good and
not against bitcoin.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Holders are a very important part of the eco system, may I suggest you research it before making those statements!
As of now, they are. But what if bitcoin becomes mainstream or semi-mainstream, as it is currently becoming? 10% of the coins are maybe lost, and maybe 40% is being held. Only 50% of the actual ecosystem is active. Seems like a bubble to me.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Holders are a very important part of the eco system, may I suggest you research it before making those statements!
"Trees Don’t Grow to the Sky"
Trees can't but bitcoin can...
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I don't think that storing Bitcoins is a bad idea, in fact, I think it is better to store your Bitcoin because the price is increasing. If you want to spend it, then be my guest. It is also good to spend it. No one will offer services for Bitcoin.
Spend Your Bitcoins.
Soo those people who lost access to their coins the early adopters, they are storing against their wishes, the number of bitcoin losted i believe its huge, and i believe Nakamoto has some similiar situation, maybe some problem affected him and might be dead already with those coins stored forever into the wallet, till a family get his things or sell them. I dont see any problem about those, the coins in circulation are more then enought to cover the costumers interests.
i think it is not right to say that storing of bitcoin is against the law, because the amount of have is your property and yo have the full right to use bitcoin according to your own wishes.
Would you really say the same for people storing fiat? I'm sure there's enough circulation of Bitcoins amongst people and not everyones storing it with the 'Hold' mentality even though most people say it. I'm sure saving is also helping the Bitcoin economy as it makes people believe that Bitcoin has true intrinsic value and will grow over a period of time.
spending bitcoin is good and really recommended. bitcoins should be in circulation. it will help bitcoin a lot to grow up.. but the problem is where to spend bitcoin when scammers and ponzi are every where? I would prefer to safe my bitcoins instead of giving them to a scammer.. whenever I need something and it can be bought with bitcoin I of course do that.
If your statements are right, then Mr.Satoshi itself was doing against bitcoin ecosystem by hoarding big amount of bitcoins for long term.There are two main aspects in this : we need flow of money to ensure all the basics of financial system at the same time surplus supply might lead to devaluation. Because, basically bitcoin is not just a currency, it has investment property also.
Gold gains its value over time still it's not flowing person-to-person so frequently. So, saving/storing bitcoin is not against bitcoin ecosystem.
It is against Bitcoin because you're not spending it anymore, meaning you don't want to use it for now, but many of us cannot even do something with it. Spend it where if we have nowhere to do so?! When more countries will start supporting Bitcoin, we're going to get way more customers and a bigger price.
And besides, if there are a lot of users that are holding their bitcoins then there are also users which are spending their coins as well, so if some of us are holding a few that wont make a big difference i guess and we also cant hold them forever but we have to spend them some day.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
You are right,but everyone is free to choose wether or not to spend or hold his bitcoins.
We need safer places where we can spend our bitcoins and get goods and services without being
scammed.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
storing money is against money
no one will offer services for money
spend your money
if you want bitcoins to become not some surrogate freak currency but a proper legal tender accepted everywhere,it has to be able to perform all of the currencies' functions
i.e. accumulating wealth,trade,bying services or goods etc.
I don't see how storing bitcoins is against bitcoins,it is pure nonsence,not sure if you would want to be forced into some "this is not real money,so I cannot keep it" mentality
if you look at it from a different angle,safe keeping bitcoin vs paper money devalues your assets less,just check your contries' inflation rates vs average bitcoin price if you do not believe me
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Not every single bitcoin users holds their coins for really long times, but if two people are holding them then 4 people are spending on the other side, so it really does not matter at all because it wont effect bitcoin at all as not all the coins are kept in wallets and never used.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
You are right,but everyone is free to choose wether or not to spend or hold his bitcoins.
We need safer places where we can spend our bitcoins and get goods and services without being
scammed.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
You are right,but everyone is free to choose wether or not to spend or hold his bitcoins.
We need safer places where we can spend our bitcoins and get goods and services without being
scammed.
Well, if I spend them, and I have been known to, they'll probably end up in the hands of a hoarder so nothing really changes. There's no way of controlling what Bitcoin is going to become, it's a collective experiment and waiting to see whether it develops into a currency or store of value or something totally separate is one of the most fascinating things about it.
People are thinking that holding bitcoin will result in price hike but no one thinks that if money is not in circulation then nothing gonna happen because market will become unstable only when bitcoin is in full circulation and people need bobbin to buy online goods.
I don't think that holding Bitcoin will lead to hikes in fiat valuation. In extreme case if everyone is just holding Bitcoin, there will be no price discovery at all.
One has to understand that because the total supply is fixed, Bitcoin works like a deflationary currency (albeit currently it is still inflationary, because new coins are released through mining). That makes people less likely to spend Bitcoin for non-essential goods. But as Bitcoin's buying power increases, there will be a point when people spend their coins. The last Bitcoin bubble also came with an increase in economic activity.
So, holding Bitcoin is not against Bitcoin. After all, not everyone holds Bitcoin eternally. At some point in time, spending Bitcoin will become attractive for almost everybody who still has access to his/her private keys. Bitcoin just doesn't encourage to squander money for non-essential goods like fiat does. In terms of resource usage that's a good thing.
ya.ya.yo!
if everyone just holds it will most likely end up as an safe investment tool like gold.
or if people start using it it could become a currency that is used in everydays life.
i guess it is up to the users to decide with their actions they take.
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