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Is this good or bad for BTC as a currency? On one hand, I can see how being more valuable makes it more likely to be supported by retailers / banks / etc, but o
by tqi 9y ago
Is this good or bad for BTC as a currency? On one hand, I can see how being more valuable makes it more likely to be supported by retailers / banks / etc, but on the other hand I can't imagine spending BTC on anything when prices keep skyrocketing... at which point I feel like it ceases to be a currency (BTC in particular, not crypto in general).
- tome 9y ago> On one hand, I can see how being more valuable makes it more likely to be supported by retailers / banks / etc I doubt it. If anything it's being more stable that will make it more attractive to use in commerce.
- coryfklein 9y agoIf BTC ever reaches a period of stability in price, I say that getting there the faster the better. Then people can actually start using it as a currency. So I vote this is good for BTC.