On: I Spent A Coin (And I Liked It) — How I Bought Lunch in Manhattan with Bitcoins

[niklas_a]

Plenty of people save in BitCoin, some would even argue that's where much of it's value comes today. Look at the article from Richard Falkvinge that he linked to for an extreme example.

Nowhere did he suggest that the restaurant owner exchanged his BitCoins for USD. Maybe he saves them and uses them to buy something else. Who knows, maybe he buys the ingredients for his Meze using Bitcoins?

[ars → niklas_a]

> Who knows, maybe he buys the ingredients for his Meze using Bitcoins?

If he does that, then why does he look up the exchange rate first?

[urbanjunkie → niklas_a]

No, plenty of people do not save in BitCoin, for values of plenty and save that most people would understand.

You might more accurately have put 'a few people hold bitcoins for reasons of speculation'. This is not the same as saving.

[Disclosure - I hold no bitcoins]

PS - it's probably about time that people disclose whether or not they hold bitcoins when commenting.

[noglorp → urbanjunkie]

Holding == saving. Sounds like you are trying to emphasize the difference between investment and speculation, instead.

[Helianthus → noglorp]

No, they are not equal, because that difference he is emphasizing is the definitions "that most people would understand."