In 2010 a guy paid 10,000 BTC for 2 pizza's, probably roughly equivalent to $40....

canistr · on Nov 28, 2013

Which is precisely my point. What incentive is there for the buyer to spend their BTC if the future value will dwarf the present value of the good they are spending it on?

ElbertF · on Nov 28, 2013

What incentive is there for the buyer to spend their money on anything if they could be buying Bitcoin?

manoDev · on Nov 29, 2013

> 10,000 BTC today = $10.5 million USD

Does that valuation mean anything? What about liquidity? If I had 10 k BTC today, could I trade that for $ 10.5 M on the spot?

http://buttcoin.org/easy