3 ms·
The point I was responding to was saying that they wanted to get away from USD and that this was BTC's killer app. My point is that you can't "get away" from U
by raesene9 6y ago
The point I was responding to was saying that they wanted to get away from USD and that this was BTC's killer app.
My point is that you can't "get away" from USD, while the BTC market is effectively tied to USD.
so if the USD supply is massively inflated, and people can use those USD to buy BTC, the tie is still there.
If and when people denominate their goods and services in BTC without any reference to a fiat amount, then they are decoupled and BTC loses the tie to USD.