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Decius comments on Bitcoins are not digital greenbacks - Less Wrong Discussion

6 Post author: lsparrish 19 April 2013 06:13PM

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Comment author: Decius 23 April 2013 07:43:09AM 0 points [-]

The point is if I own any Bitcoins I'm not going to spend it on a Pizza which once I eat it those Bitcoins are gone forever and I can never get them back? No I'm instead going to invest my Bitcoins to either help me make more Bitcoins in the future or to protect whatever Bitcoins I already have. I would seek to increase my income in Bitcoins and decrease costs. I would seek to maximize my profits. Once I have enough income and profits that I know I'll always have some Bitcoins to play with that is when I'll start to spend.

Is that how you spend dollars already?

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