Peck by twetch#6218

1Bznoc…hTUP Key · twetch

Hmm. So i agree with daniel that the primary usecase of money is savings but i dont really get why he excludes spending as a usecase. I would rather describe spending as the last stage of using money, but still count it as using.

twetch#1832 6.4y

"An increase in merchant acceptance, ceteris paribus, does not increase the value of the coin. Therefore, an increase in merchant acceptance does not increase the value of the coin."

I think this is the fundamental confusion.

What the chain says

Transaction: f8bfae27b6795984e0ae290b76172a5d11e615a39e1763773b4ef08ccad25059
Block: 635 657
Time: 2020-05-20T00:12:12Z
Signer: 1BznocN5GBZAtwoNovvDtP2mFnrzyvhTUP
App: twetch
Type: post
Content type: text/plain
References: b4e88b53939f44785b668315b594c6aa4d3cf0ab7382bd6d53951b954063cba9
Name in tx: twetch#6218

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1BznocN5GBZAtwoNovvDtP2mFnrzyvhTUP Verified

Replies (2)

twetch#6218 6.4y

1Bznoc…hTUP Key · twetch

Replying to@1Bznoc…hTUP

the reason is that the last stage meaning spending still matters in terms of quality and user experience. the higher the quality the more reason you have to use that money as savings.

twetch#6218 6.4y

1Bznoc…hTUP Key · twetch

Replying to@1Bznoc…hTUP

For example if i could spend bitcoin as easily as dollars, why even hold any dollars at all? i could fully transition to using bitcoin from start (savings) to finish(spending)

Post by twetch#6218

Replies (2)