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1  Bitcoin / Bitcoin Discussion / Re: Help - Understanding bitcoin democratization on: October 01, 2014, 04:50:34 PM
Having a digital currency with such an high value remains awkward and I guess the market itself will correct it sooner or later.

When I'm talking about bitcoin democratization, and I'm sorry if I used the wrong term, I'm talking about a global use of digital currencies.

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Personally, I like to think and deal in terms of mBTC (which I call "mills") because bitcoins are too large for most things.

Since the BTC value is high right now and if it remains the same for a while, then, it is clearly be the right way to approach it.


2  Bitcoin / Bitcoin Discussion / Re: Help - Understanding bitcoin democratization on: October 01, 2014, 12:15:53 PM
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I don't really follow this.  Are you suggesting that the value of a single bitcoin is too high or that the total value of all bitcoins (the "market cap") is too high.

I wish I can highlight the fact that I'm not talking about pure trading, but I try to care about potential customer mindset.
And that's why, I firstly need to get back to your point.

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Also, I'm not sure where you got the "democratic" notion from.  Bitcoin is really very much unlike anything I would describe as democratic.  Care to elaborate?


My meaning was, the only way to see masses starting to adopt bitcoin as a new way to buy goods was to democratize it and to see small and medium businesses accepting to receive payment with this crypto currency

Then How can people start to use a new money ( a single bitcoin ) which is 400 times higher than their base currency. That's for me the real limit.


Can I have a professional eye on it ?
3  Bitcoin / Bitcoin Discussion / Help - Understanding bitcoin democratization on: October 01, 2014, 11:13:55 AM
Dear users,

Could you please help me to get a better understanding of the bitcoin’s world in answering these few questions.

I actually understood that, the bitcoin evolution ( positive one ) will be highly related to the democratization of the services around bitcoin, I mean the abilities for customers to buy with crypto currencies.

As I believe in this new shape of transaction, I still have some points that make me reluctant. First of all, don’t you think that nowadays, the bitcoin value is simply too high and even if professional says that a bitcoin isn’t related to USD or other currencies, in masses mindset, the fact that a potential democratic crypto money reach that value point is an evidence of instability and non-accessibility.

Maybe I’m wrong in saying that, but, all this system is based on Bitcoin value and do you simply think that another crypto currency with decent value and price stability can emerge and surpass the bitcoin’s aura.

Thanks in advance guys
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