Quote:
Originally Posted by jammies
Like anything else people agree has value, you *can* use it as currency, but that doesn't make it a good currency, just as stuffing cash in your mattress doesn't make that mattress a good store of value. Buying a pizza with bitcoin is like buying a pizza with gold, you're using up a store of value to obtain a transient good, which only makes sense if you can't use a more suitable currency to do it with. It is currency only of desperation.
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So you think carrying cash is more suitable/easier then electronically paying for something.
It went Gold > Cash > Check > Credit Card > Electronic Money
Everyone is trying to figure out how to utilize electronic money best. Whether or not bitcoin 'wins' is a different question then whether this is where the world is going
CC's are extremely expensive to merchants. Imagine if you could cut out the CC companies and banks and their crazy per txn fees for something cheaper.
Blockchain can be that something cheaper. And currently Bitcoin is the most adopted technology/use case
And you don't need to print more bitcoin. That is why it appreciates in value. The increase in value/market cap is the same as 'printing' more cash and increasing the USD total world 'market cap' of USD. Eventually things just cost 0.0000000001 of a bitcoin.