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It takes time for assets to start functioning as currencies. Bitcoin needs about 10 more years to get adopted by enough people to function as a currency.
by xiphias2 6y ago
It takes time for assets to start functioning as currencies. Bitcoin needs about 10 more years to get adopted by enough people to function as a currency.
- Waterluvian 6y agoInteresting concept I haven't heard of before. Where might I find anything talking about this more? Why 10 years? Is it time or just adoption? How many people?
- xiphias2 6y agoRead the Bitcoin Standard book, or Nick Szabo's Shelling Out blog entry to see how new money is usually adopted. Bitcoin has about 200%/year growth rate, right now at about 100M users (1% adoption, maybe somewhat less). In 10 years it has a good chance to be adopted by billions of people (there's no guarantee though of course).