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Consider the end game where Bitcoin achieves its stable store of value. It doesn't go up, but when people buy houses they sell their Bitcoin savings and when pe
by tedunangst 6y ago
Consider the end game where Bitcoin achieves its stable store of value. It doesn't go up, but when people buy houses they sell their Bitcoin savings and when people sell their vacation home they park the money in Bitcoin. The more that happens, assuming Coinbase is the intermediary, the more Coinbase revenue goes up with flat coins.