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It does, nobody actually uses bitcoin to buy things. The only people making money from bitcoin are exchanges and the speculators on the winning side of bets.
by ohashi 9y ago
It does, nobody actually uses bitcoin to buy things. The only people making money from bitcoin are exchanges and the speculators on the winning side of bets.
- alphydan 9y agoI regularly buy hosting, domains, hardware (heck, I bought some electronics which would be worth $50,000 today). I don't see a problem.
- spelunker 9y ago> heck, I bought some electronics which would be worth $50,000 today You don't see that as a problem? Why buy things with BTC when it's better (for now) to just hold it?
- ric2b 9y agoThat is equivalent to saying: "Why buy anything at all when it's better to buy Bitcoin?" It's the same thing: opportunity cost of not owning Bitcoin (or any other investment). Each person decides how confortable they are with the risk.
- spelunker 9y agoNo it's not. I'm happy to buy things with my fiat currency because it's not increasing in value at astonishing rates. I'll just keep my bitcoins and cash out some when I want to buy stuff.
- jstanley 9y agoBut people buy other things! Why don't they just buy bitcoin instead?