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The core argument that Bitcoin is deflationary is irrelevant to the fitness of Bitcoin, at least for online transactions. To me, the chief value of Bitcoin is t
by codex 13y ago
The core argument that Bitcoin is deflationary is irrelevant to the fitness of Bitcoin, at least for online transactions. To me, the chief value of Bitcoin is that it enables super cheap micro (and macro) transactions online. Goodbye silly debit and credit card interchange fees! Used in this way, dollars are held in Bitcoin form for only the tiniest of moments before being converted back into dollars. Long term fluctuations in exchange rates don't matter.
I look forward to using micro payments for content online. Ad supported content and the inevitable vending of my personal data is distasteful to me.
- maaku 13y agoYou do know that the minimum recommended fee is $0.10? (or was, a few days ago..) Bitcoin is not designed for micro-transactions.