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The question might also be if the transaction cost to do the deal in BTC is higher, lower, or the same as using a credit card. When you use a CC the seller eat
by patrickg_zill 13y ago
The question might also be if the transaction cost to do the deal in BTC is higher, lower, or the same as using a credit card. When you use a CC the seller eats the fees.
It is not a fallacy, but it is a speculative risk.
And, it is treating BTC as "an investment" or "a store of value" rather than "a medium of exchange".
So it is a subtle but important change in a person's view of why they would buy and hold BTC. Whether it is the right view, no one knows at this point.