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I’m not going to defend crypto, but this is a bad argument. One Satoshi (the smallest increment of Bitcoin) is currently worth $0.0002289.
by hnuser847 4y ago
I’m not going to defend crypto, but this is a bad argument. One Satoshi (the smallest increment of Bitcoin) is currently worth $0.0002289.
- ly3xqhl8g9 4y agoOk. So maybe you can accept as economically rational to spend a few Satoshis for a bagel. Then where do you draw the line where BTC (or the other cryptos) stops being an effective currency? 15K?, 10K?, 1K? Let's say you want to buy a computer: 1 ETH is currently 1,637 USD, one Macbook Pro 13 M2 is 1,300 USD. Aren't you an irrational economic agent if you spent the 1 ETH today instead of waiting a few months maybe ETH will be back at the 4.6K ATH, when you will be able to buy a MacBook Pro 16 with M2 Max?