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This is a fair point ... today. An interesting question to ponder though is what is the potential in the future. What is the probability that GBP becomes used
by chanfest22 9y ago
This is a fair point ... today.
An interesting question to ponder though is what is the potential in the future. What is the probability that GBP becomes used for something beyond a medium of exchange in the UK?
vs.
What is the probability that BTC becomes a unified international medium of exchange?
- sova 9y agoDirectly proportional to the probability of everyone having a computer and the tech understanding to get a bitcoin wallet.
- chanfest22 9y agoI'd challenge this. You only need a smartphone to use bitcoin (not a computer). We are looking at about 3B smartphone users today [0] and close to 6B smartphone users by 2020 [1]. That is nearly ubiquitous coverage. Also, we are in the early stages of bitcoin today, so yes, you need to have some tech understanding. This will all be abstracted away soon. Do people need to understand TCP/IP to use the internet? Understand the internal combustion engine to drive a car? The same will happen for cryptocurrency. [0] https://www.strategyanalytics.com/strategy-analytics/blogs/smart-phones/2016/12/21/44-of-world-population-will-own-smartphones-in-2017#.WeFEuBNSyu4 https://www.strategyanalytics.com/strategy-analytics/blogs/s... [1] https://techcrunch.com/2015/06/02/6-1b-smartphone-users-globally-by-2020-overtaking-basic-fixed-phone-subscriptions/ https://techcrunch.com/2015/06/02/6-1b-smartphone-users-glob...