3 ms·

how long is "long term"? 30 years?

• Oculus 13y ago
  I'd imagine hundreds. Financial institutions are some of the slowest moving things out there.
  • SwellJoe 13y ago
    Which is what makes BTC so disruptive. You don't need traditional financial institutions, once there is a market for goods and services. It's only the smallness of the BTC market right now that makes it necessary to buy in from and cash out into state-sponsored money.
• vijayboyapati 13y ago
  I honestly don't know. The world is changing so fast now that it wouldn't surprise me if this happened in 10 years, or even 5 years. As context, just 6 years ago there was no iphone. 8 years ago there was no Youtube. 9 years ago there was no Google maps. 10 years ago there was no Facebook. I like to think how much these things have already changed the world, and my life, and how none of them were around just a decade ago. I'm very excited to see what the world will look like 10 years hence. edit: a word
  • themusicgod1 13y ago
    The good news that whatever comes next is probably going to be easily purchasable via bitcoin since bitcoin makes purchasing things online so damn easy. Even if you are forced to take something of a haircut you'll still probably wind up ahead if you choose to take that haircut in a modern currency like bitcoin than a legacy one like USD.