Bitcoin Companies Are Compounding the Bitcoin Hoarding Problem

Bitcoin Companies Are Compounding the Bitcoin Hoarding Problem

Bitcoin hoarding has been dubbed as one of the “major problems” hampering the adoption growth of this disruptive digital currency. While there are over 14 million bitcoins in circulation at the time of publication, only a fraction of that amount is changing hands on a regular basis. As a result, there are a lot of coins not moving to different owners, leading to various addresses “hoarding” bitcoins. One of the more common reasons for the Bitcoin hoarding problems can be blamed on lack of incentives for consumers to spend Bitcoin. While merchants are reaping the benefits from paying lower....


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Currency Competition and Hoarding

Written By: BigChubbyCat (8BTC). Translated By: James Choi (8BTC). Edited By: Elizabeth T. Ploshay (Bitcoin Magazine). I. The difference among physical carriers. Before discussing currency competition, we should define the difference between different monetary carriers. 1. Carriers for precious metal money: metal atoms (Au, Ag, Pt, etc). 2. Carriers for paper money: some mixture of plant fiber. 3. Electronic money: electronics. There have been other forms of carriers in the past. For example, past carriers of horns, seashells and feather money were parts of animals, which are essentially....