Saving is not 'not doing anything at all with your money.' Saving is lending your money to a generally low risk debtor, called bank.

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bulbar 3 hours ago | parent | next [-]

In a deflation based economy as invisioned by crypto currency enthusiasts, there is no incentive to lend your money to anybody. Neither a private person nor banks would have strong incentives to do that, because you have a guaranteed increase of value if you just sit on your money.

No investments would take place because of that.

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globular-toast 6 hours ago | parent | prev [-]

That's not how banks work and hasn't been for decades.

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gzread 6 hours ago | parent [-]

What is a deposit if it's not a loan from you to the bank?

	▲	globular-toast 5 hours ago \| parent [-]
		Nothing. It's just a number in an account. It's what we call money basically. Banks don't profit from keeping your deposits, they profit from running the money supply which empowers them to create new money which they tax or, in other words, loans on which they charge interest. Go and try to withdraw something tangible with intrinsic value from a bank and you'll see they don't owe you anything at all. The most you'll get from them is paper, but even then you'll find it withdraw all your money in paper. I just opened an account for you in my own bank, in fact. You have one million credits. You are free to send and receive credits from anybody else with an account (which is nobody, unfortunately). I owe you nothing.