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I'm from Russia. There's internet even where the toilets are from 15 century full of shit. Half of Africa pays with mobile phones and lives in dirt. It's logic
by oleganza 13y ago
I'm from Russia. There's internet even where the toilets are from 15 century full of shit. Half of Africa pays with mobile phones and lives in dirt.
It's logically easy to prove. Which money would you choose to store permanently? Bitcoin if it's accepted everywhere in the world, or EUR if it's only accepted in 20 countries? Who knows where you'll be next year, so it's better to store money in a more liquid currency. Bitcoin can be it because there are no fees or capital controls like in EUR or USD.
In Russia, in 1990s people were using dollars no problem. Until government went in with laws forcing people to put prices in roubles and other controls on flow of capital and cash.
- djur 13y agoYou still need to be able to convert your BTC to a legal tender currency to pay wages, debts, and taxes. As long as that requirement exists, BTC will always be a secondary currency at best (and I'm not convinced it will ever be a currency in any meaningful way).