3 ms·
I've said it before - Bitcoin should not be an alternative to the USD, it should be an alternative to Paypal. A simple, secure, fee-free way to perform transact
by yen223 13y ago
I've said it before - Bitcoin should not be an alternative to the USD, it should be an alternative to Paypal. A simple, secure, fee-free way to perform transactions online.
> "Ironically, he has less incentive, since most Bitcoin holders believe it will increase in value as a currency."
This is one of the dangers of a deflationary currency that economists keep warning about. It's rarely a good idea to incentivize people to hoard cash.
- sjcsjc 13y agoIsn't the solution to that to make conversion as frictionless as possible? Then hoarding and spending become two separate activities. For spending you simply convert your local currency to BTC at the time you want to spend. And vice versa for receiving.