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Irrelevant question though, in many ways. There's simply no chance that bitcoin is replacing fiat money. I realize that offends the bitcoin True Believers, but
by llamataboot 9y ago
Irrelevant question though, in many ways. There's simply no chance that bitcoin is replacing fiat money. I realize that offends the bitcoin True Believers, but fiat money is not going away unless nation states go away, and if that happens there's some more issues we have to deal with than the cost of a transaction.
- wmf 9y agoThat's even worse, because it means that Bitcoin's energy usage is additive on top of the energy used by the existing financial system.
- hndamien 9y agoNo True Believers believe it is going away, they believe that it will diminish in purchasing power and trust (Relative to Bitcoin - or at least cryptocurrency). So far, this trend appears to be true and continuing. Who knows how far it goes? Of course you will always be able to pay taxes in USD.
- spraak 9y agoWhether it's relevant or not wasn't my concern, as I wasn't even trying to propose that any cryptocurrency replace fiat. I was simply curious.