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Well, I can see the logic, that a wide adoption will make it "the value transfer system" rather than "virtual risky asset" but I can't see how this would happen
by dschiptsov 13y ago
Well, I can see the logic, that a wide adoption will make it "the value transfer system" rather than "virtual risky asset" but I can't see how this would happen from the state in which it is right now without a crash.
- oleganza 13y agoWhy do you think there must be a crash for mass adoption to happen? I'd say on contrary: some amounts of BTC must be owned by almost everyone in order to become a regular money, but that would mean that the price of 1 BTC would have to go north of $10M. The price is merely an indicator of the demand (since the supply is fixed).