Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This is one reason why Bitcoin isn't a good currency. Deflationary trends give holders a lot of incentive to keep holding and never spend.


You can buy a lot of pizzas with it now


You can't buy a single pizza with it now. Only by exchanging it for an actual, better currency


You can buy a pizza from me with Bitcoin now.

I’m not a vendor or even a chef. But, anything is negotiable.


you can buy pizza with bitcoin in many places using many methods, exchanging for another currency or not.


It’s a solid store of value. One can borrow against that held BTC, and as it appreciates over time, the loan-to-value ratio improves, without having to do anything. Also avoids capital gains taxes since you're not spending it.


Bitcoin is the world's number one store of value for converting young, impressionable men's wages into thin air and moving those dollars to other people instead.

It's a compelling rival to multi-level marketing for women in that both prospects entice low-socioeconomic standing peoples into thinking they are building value instead of consuming it.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: