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Bitcoin is an asset that tends to appreciate. Why would I use it as payment? Lastly, is it considered legal tender? What is the meaning of legal tender if on
by bhouston 6y ago
Bitcoin is an asset that tends to appreciate. Why would I use it as payment?
Lastly, is it considered legal tender? What is the meaning of legal tender if one can use Bitcoin everywhere usd is accepted?
- vmception 6y agoits just liquidity there is tremendous value for me in being able to barter transaction with an asset that someone can immediately sell for what they want I've been illiquid sometimes due to some combination of card networks accepted and when I say "eh, what about Bitcoin" because I have some dust in a wallet on my phone, I'm completely serious while the merchant spirals into their ignorance and cognitive dissonance nervously laughing and regurgitating some headline they saw 7 years ago other people just take it like "yeah sure" its just like get over it are we exchanging equivalent value or are you mentally incapable for this century
- aeternum 6y agoThis lets you keep your funds in BTC until you the instant you want to use it. If you believe that Bitcoin is an asset that 'only goes up', wouldn't you want to keep even your spending money in BTC for as long as possible?
- EVa5I7bHFq9mnYK 6y agoBecause you will die if you don't spend it on some food. There is more to life than to grow your wealth.
- imtringued 6y agoPeople buy food with their worthless dollars that they got from their worthless job and then spend the excess on worthful Bitcoin.
- EVa5I7bHFq9mnYK 6y agoThat's temporary. Soon, everyone is paid in Bitcoin and all stores accept Bitcoins only, so you will have no choice but spend them.