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Exactly. Until we pay rent, wages & stock with Bitcoin, it's essentially just digital gold bullion. You'd be an idiot to pay for any service with Bitcoin. A mi
by Bromlife 9y ago
Exactly. Until we pay rent, wages & stock with Bitcoin, it's essentially just digital gold bullion.
You'd be an idiot to pay for any service with Bitcoin. A million dollar pizza makes for a great news story, but it would suck knowing that you effectively let go of millions of dollars just to buy a pizza.
Bitcoin holders are disincentivized from spending it.
- ForHackernews 9y agoIt's almost like being inherently deflationary is a negative property for a currency to have...but that can't be true, because lots of cryptobugs have explained to me at great length why this is actually Good For Bitcoin.
- deleted 9y ago[deleted]