Comments by "Handsome_Hero" (@illegalsmirf) on "Bitcoin and Free Markets" video.

  1. How do you run an economy on an absolutely scarce asset whose value tends to infinity? No human society has ever done this before. Hoarding and not spending will be rewarded once the supply of BTC dries up. Doesn't matter how many sats you make. What is infinity divided by infinity? It's still infinity. A moderate inflation is required to oil the engine of commerce.
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  2.  @Bitcoin_University  Hoarding strictly speaking means keeping money out of the 'system', it's not the same as saving (if you put money in a bank, the bank will lend it out). But with BTC you definitely have the incentive to hoard - keep value out of the system. It's no different from keeping gold bars in a vault or dollars under your bed. I can't see any future where BTC would be the sole currency in use because it would severely discourage spending. This kind of future needs to be 'imagined' and described for us.
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