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Title: Fundamentals needed for Bitcoin Post by: Bitcoinpro on January 09, 2016, 10:46:09 PM Their must be the ability to spend it on daily goods and services
of all types including food leisure travel energy and postal services, I understand at this time an incredible amount of effort has been spent on thwating this, including actions by members to hoard coins, when they should infact be spending a portion of them, efforts to get bitcoin holders to buy drugs in colaboration with the media to then highlight the fact, taking advantage of a very vumerable section of socitey in the process. Bribing of weak governments to outlaw blockchain for no practicle reason or purpose :D Title: Re: Fundamentals needed for Bitcoin Post by: pereira4 on January 09, 2016, 11:28:12 PM The main reason people hoard is because getting Bitcoin is difficult in the first place, this coupled with the fact that the current system is collapsing and Bitcoin is expected to increase in price x1000+ over the next years, makes people think of Bitcoin as gold as not as money to buy groceries.
But still if people got paid in Bitcoin they would use it more, because it feels less of hassle spending Bitcoin you got paid directly at your address than having to buy bitcoin with fiat, then buy whatever with the Bitcoin you just bought, in fact this is pretty stupid. Why would you do this when you can buy with fiat directly. There has to be a real reason behind, like I explained. |