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Topic: Whats wrong with hoarding bitcoins? - page 2. (Read 3748 times)

member
Activity: 84
Merit: 11
June 04, 2011, 09:14:23 AM
#4
People who get upset at "hoarding" are Keynesians. Don't blame them though, they've probably been educated in public schools.
What kind of elitist nonsense is that?  What difference does it make about public vs. private education?  Money makes you smarter?
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
June 04, 2011, 09:11:10 AM
#3
People who get upset at "hoarding" are Keynesians. Don't blame them though, they've probably been educated in public schools.
hero member
Activity: 812
Merit: 1001
-
June 04, 2011, 09:07:25 AM
#2
Whats wrong with hoarding bitcoins?

Nothing. What's wrong with those who think that saving money is bad?
member
Activity: 112
Merit: 10
June 04, 2011, 09:04:49 AM
#1
Why do I keep getting this negative vibe from people as soon as they hear that word? Whats the difference between 'saving' and 'hoarding'? what is the difference between hoarding/saving virtual currency and physical goods? We hoard our entire lives, we collect stamps, buy cars, houses, and all sorts of junk, but for some reason that's OK to do, wasting your money on some meaningless junk is OK, OH REALLY?!

If you say hoarding is bad because it will slow economic growth, I say, good riddens, if the market does not know how to produce something more valuable than some imaginary coins then maybe the economy should not be growing in the first place!
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