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It's not a currency. It lacks "acceptability", by design - you can never pay for your subway trips with BTC, it just wouldn't scale not even to a city like NY.
by virgilp 6y ago
It's not a currency. It lacks "acceptability", by design - you can never pay for your subway trips with BTC, it just wouldn't scale not even to a city like NY.
- WrtCdEvrydy 6y agoCoinbase Card would allow you pay for anything using a credit card. https://www.coinbase.com/card https://www.coinbase.com/card It's just another way to spend money.
- virgilp 6y ago... by changing the BTC offline into fiat currency. Doesn't change anything, using the same mechanisms you could create a similar card backed by any commodity. A coinbase card transaction is not actually a BTC transaction.
- WrtCdEvrydy 6y agoUnless the entire market switches to BTC, it's not gonna be possible to do a full BTC transaction. Even if your coffee shop accepts it, it's not likely their bean providers might.