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> I speculate that at first people want to use it as a store of value, but after a critical amount of holders, and having a lighting network, users and merchant
by brucephillips 9y ago
> I speculate that at first people want to use it as a store of value, but after a critical amount of holders, and having a lighting network, users and merchants could also adopt it as a currency.
Why would they? Why should I buy things with BTC instead of USD? The fact that I've yet to hear a convincing answer to this most fundamental question is the strongest indicator that BTC is a bubble.
I do agree that BTC could become gold, though.
- nadam 9y agoIf you already adopt it as a store of value it can be convenient to use it also for payment if: - it is convenient - has low transaction fees - fast But I agree, store of value is the most realistic mainstream usecase of cryptos.
- brucephillips 9y agoUSD beats BTC in all of those features.