Hacker News Reader

See the Capitol Hill Baby Sitting Co-op[1] for how real life hoarding of stores of values mean that exchange completely stops. It is a classic currency story.

[1] https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op

View on HN

It doesn't seem like exchange is stopping:

https://blockchain.info/charts/estimated-transaction-volume-...

I love how Bitcoin is destroying all these economic "theories".

Reply on news.ycombinator.com