3 ms·
I think in a few years though people will stop referring to the currency in bitcoins and refer more to Satoshi's. A Satoshi could still be a spendable unit. Alt
by turblety 9y ago
I think in a few years though people will stop referring to the currency in bitcoins and refer more to Satoshi's. A Satoshi could still be a spendable unit. Although with the fixed supply it could still be too expensive to spend.
I've also heard about idea that Bitcoin could mearly be like your savings account at your bank. You would then transfer that into another digital currency to buy stuff.
- mpeg 9y agoRealistically, I think Bitcoin needs leadership and marketing if it is to grow as big as other currencies, because I don't see people referring to their everyday money as "satoshis". To paraphrase AMC's HCF, I believe Bitcoin is not the thing, it's the thing that gets us to the thing.
- thanatropism 9y agoAn alternate digital currency would have to be more convenient than Bitcoin for transactions -- enough to make up for the transaction costs of transferring Bitcoins in first place. But that does nothing to address concerns of hoarding. Either people come up with a way to have inflation in Bitcoin, or it's going to be hoarded. This is Gresham's law, and can't be appealed.
- ch4s3 9y agoTransferring to another currency to spend your money seems awfully inconvenient. You have transaction costs, time delays, and have to worry about exchange rates. How is that better than the current system?