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> Welcome to the new asset class. Wasn't it supposed to be a currency people would buy stuff with that would eventually replace "fiat"? What happened to that?
by AlexandrB 1y ago
> Welcome to the new asset class.
Wasn't it supposed to be a currency people would buy stuff with that would eventually replace "fiat"? What happened to that?
- wmf 1y agoThat never made sense so it didn't happen.
- celticninja 1y agoIt did make sense for quite a while..I bought and sold stuff online and between 2011 and 2015/16 it was easier and cheaper to pay Chinese suppliers in bitcoin than trying to send international transfers. Think 20p a transaction Vs £25 flat fee for an international bank transfer. It did make sense and it did happen. However it has now evolved into another asset rather than a currency.