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If it means frictionless commerce with anyone worldwide, perhaps it will?
by ISL 13y ago
If it means frictionless commerce with anyone worldwide, perhaps it will?
- broostoryco 13y agoExactly, its the price we pay for the currency network, which is incidentally much less than what we pay now to commercial banks for using their payment network (spoiler: that money does not help the less fortunate of the world either)
- eterm 13y agoNothing about bitcoin is tending towards frictionless commerce. That is an argument people make to excuse the huge waste of power (by extension generating a large amont of pollution) that goes into bitcoin. The reality is that all the forces that slow down electronic dollars also slow down other electronic currencies.
- pjc50 13y agoWhat forces are those?
- drcross 13y agoThe energy required to obtain gold from the earth, when you compare it to bitcoin, makes your comment farcical
- eterm 13y agoCurrencies aren't backed by gold. They're backed by governments. The united states dollar is just as much a "virtual currency" as bitcoin.
- toomuchtodo 13y agoAll currencies are a shared delusion. If everyone believes something has value, it does.