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Bitcoin as a way for a few lucky folks to increase their net worth is certainly not something they are skeptical of. Bitcoin as a means of achieving it's origi
by acconrad 9y ago
Bitcoin as a way for a few lucky folks to increase their net worth is certainly not something they are skeptical of.
Bitcoin as a means of achieving it's original goal (i.e. a world currency) I'm still highly skeptical of. Why would I want to spend Bitcoin when I could be the next guy who spent BTC0.0001 on a pizza when it becomes worth $100k / coin? The fact that I have to entertain that idea means psychologically I won't treat this as currency. I treat USD and EUR as currency because I don't worry about day-to-day (or even really decade-to-decade) volatility of the currency. BTC has volatility by the _week_. Whether this giant experiment succeeds or not, I have a hard time believing it works as a currency specifically.