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> If you think bitcoin would make a good currency, ask yourself what happens if you have any debts, lease or mortgage denominated in bitcoin. They don't have t
by moduspol 9y ago
> If you think bitcoin would make a good currency, ask yourself what happens if you have any debts, lease or mortgage denominated in bitcoin.
They don't have to be denominated in Bitcoin for Bitcoin to be a successful currency. You could denominate your mortgage in junior cheeseburgers and still pay it off in Bitcoin.
I don't think the long term is Bitcoin. I think the long term is a diverse market of currencies, some of which are deflationary and others which are not. It's not critical that we all decide on one currency and set all the prices based on that, and even if it helps, that currency doesn't have to be Bitcoin.
Twitch, for example, already accepts unrelated gift cards as payment for subscriptions [1]. I think that is more like what we're moving toward.
[1] https://help.twitch.tv/customer/en/portal/articles/2812403-how-to-subscribe https://help.twitch.tv/customer/en/portal/articles/2812403-h...