4 ms·
> I'm really curious for the hoarders, if they're doing it as a hedge against global financial collapse, how exactly do they expect to redeem their bitcoin for
by fidelramos 6y ago
> I'm really curious for the hoarders, if they're doing it as a hedge against global financial collapse, how exactly do they expect to redeem their bitcoin for anything tangible?
You can sell and buy in OpenBazaar [1] or Purse.io [2] for example. In my opinion growing the native cryptocurrency economy and decoupling it from fiat currencies is the most important step to take for their adoption.
[1] https://openbazaar.com/ https://openbazaar.com/
[2] https://purse.io/ https://purse.io/
- sparkie 6y agopurse.io is closing shop. Amazon has made it impractical for the service to continue running.
- fidelramos 6y agoIt's still not clear they will close shop, see their update: https://support.purse.io/en/articles/3851246-purse-is-saying-goodbye https://support.purse.io/en/articles/3851246-purse-is-saying... In any case, there is a number of ways to spend cryptocurrencies without having to go through exchanging them into fiat, which was the point I wanted to make to OP.