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Why should bitcoin "replace traditional currencies" ? Why cant bitcoin exist alongside them?
by yc1010 12y ago
Why should bitcoin "replace traditional currencies" ?
Why cant bitcoin exist alongside them?
- danbruc 12y agoI just wanted to state why I don't share the more or less common believe that Bitcoin can replace traditional currencies, I did not want to imply anything else about what Bitcoin can, can not or should do. But if you bring it up, I don't think Bitcoin is competitive with alternatives like credit cards or PayPal because of the high transaction costs.
- yc1010 12y agoWhat high costs? the miner fee is like 4 cents whether you send 1$ or 1$ million, and you don't have to pay it if you are cheapskate at expense of waiting longer for confirms.