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RE: Where does the money come from ? #bitcoinpizza answer [challenging 2 minutes read]
Could you elaborate on c? Why is ideal money not a good backup of value?
Could you elaborate on c? Why is ideal money not a good backup of value?
For 2 linked reasons:
1)if too many people backup their value storing money, there is less circulating money.
2)otherwise a real scam would become possible: people who has much money could just setup a "scam" not spending their money on purpose, wait for deflation to happen, and then spend their money with increased purchasing power