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It doesn't even make sense in many cases. Bitcoin for example will never be useful as a medium of general exchange, the transaction volume is way too low to su
by jandrese 4y ago
It doesn't even make sense in many cases. Bitcoin for example will never be useful as a medium of general exchange, the transaction volume is way too low to support it. Plus its deflationary nature makes it at odds with a healthy economy, where you want gradual inflation to at least exceed the birthrate so there is a hope of lifting people out of poverty.
The workaround is to put everything on exchanges, but then you've lost the decentralized nature of Bitcoin and you are back to just a central database owned by a company, AKA a bank.