porcupineadvocate comments on General Bitcoin discussion thread (May 2011) - Less Wrong

5 Post author: Kaj_Sotala 20 May 2011 02:03PM

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Comment author: porcupineadvocate 21 May 2011 09:59:22AM *  0 points [-]

It would apply if gold were legally enforced and usable as a currency, but I don't think it is.

It does apply to forex speculation, though.

Comment author: rhollerith_dot_com 21 May 2011 05:32:22PM 0 points [-]

OK, so investors buying and holding gold do not cause the problem.