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... Which will lead to 4. Trust. People can only agree to use a currency if they trust it.
by ignifero 15y ago
... Which will lead to 4. Trust. People can only agree to use a currency if they trust it.
- kd1220 15y agoI think the lack of physical tokens for Bitcoin (or any cryptocurrency) will likely be the main hurdle for public acceptance. It'll probably take another generation or two for people to get used to the idea of not having a physical representation for currency.
- ignifero 15y agoPeople accepted credit cards decades ago. If bitcoin could work as a currency (which it can't, for other reasons), it would presumably be used via equally convenient exchange devices.