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The Bitcoin protocol will play a somewhat larger role in finance, but as "money" - I'm not sure. I am sceptic how the Sidechain implementation will be. And the
by servowire 12y ago
The Bitcoin protocol will play a somewhat larger role in finance, but as "money" - I'm not sure. I am sceptic how the Sidechain implementation will be. And the volatility of the currency bitcoin (as one of the first Bitcoin apps) is still the elephant in the room.
- riffraff 12y agoIMVHO the larger elephant in the room is bitcoin's deflationary nature.
- phaemon 12y agoNeither of these is an example of an "elephant in the room". Both issues are discussed continually.
- riffraff 12y agoI think we disagree on the definition of elephant in the room, the issues are most certainly discussed, but they are not addressed. The bitcoin faq regarding deflation basically says "we don't know what's going to happen", and regarding volatility the current solution for merchants to cope with volatility appears to be "convert everything to fiat ASAP".
- phaemon 12y ago> I think we disagree on the definition of elephant in the room Yes, I was basically saying your definition was wrong: that's not what the phrase "elephant in the room" actually means. It means something that isn't discussed.
- doczoidberg 12y agoit's deflationary nature is also an argument for it!
- deleted 12y ago[deleted]