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The government hates it when you try to make a new ponzi to replace the one they have got going.
by JohnJamesRambo 7y ago
The government hates it when you try to make a new ponzi to replace the one they have got going.
- simonh 7y agoAlongside their Ponzi. It wouldn't really replace anything, any more that BTC has replaced Dollars. The only thing anyone cares about with respect to BTC is how many dollars they are worth.
- leetcrew 7y agoaside from the volatility, one of the major reasons it hasn't attained wide adoption is simply friction. the average consumer or small business doesn't want to think too hard about how to pay or receive payment for things. if Facebook released a simple libra api and many merchants adopted it, we might see it get used a lot more than btc.
- Fellshard 7y agoThat's been key all along - as long as cryptocurrency remains anchored in real currency value for the majority of exchanges, then it will fail to stand on its own, as the cost of transfer to and from BTC will be too steep to warrant.