no, you've missed my point.
if they buy it up and hold then nobody can do anything with it. they lock it up and force us all back onto whatever crappy currency they come up with.
if you're in charge ...
I don't disagree there. it is a medium of exchange.
bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it.
there is no such thing as "not enough money" in economy. prices will adjust.
hoarding it is not a problem.
(And btw. Ludwig von Mises' regression theorem states that money must trace its value back to a time when it was valued as a non-monetary commodity)
bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it.
there is no such thing as "not enough money" in economy. prices will adjust.
hoarding it is not a problem.
(And btw. Ludwig von Mises' regression theorem states that money must trace its value back to a time when it was valued as a non-monetary commodity)