4 ms·

Of course it would require more infrastructure around bitcoin. There is already an impressive amount of exchanges, and it would be pretty easy to exchange bitco

• tomkarlo 15y ago
  It's not a matter of infrastructure. It's a matter of belief: people who are looking for safety and refuge from inflation aren't going to move their money into a less-liquid, less-tangible asset with no track record (relative to alternatives.) Moving cash into bitcoin would make sense if there were some inherent advantages: better returns, more liquidity, better privacy, more stable values, faster transactions. So far, I don't really see any of those being offered; it's essentially an experiment, and folks who are using it are either doing to speculatively or for curiosity value, not economic reasons.
  • vrotaru 15y ago
    > people who are looking for safety and refuge from inflation aren't going to move their money into a less-liquid, less-tangible asset with no track record (relative to alternatives.) I will. The point is, at the margin, some people will. All and at once? Never! The more adventurous and tentatively? Yes. Now it all depends on relative outcome of different strategies.