So the problem with declaring or using Bitcoin as a currency is that it Is not good for the economy of that country if they have a currency which very limited, limited than gold as their currency and Bitcoin is a currency which rich people can afford, and yes I know we can buy bitcoin with even 10$ but that is not the point, the problem is that there is a rich person out there who is holding a really great % of bitcoin
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The main issue with what you've said in that paragraph is the fact that you've combined both the asset part
[hodlers] and the currency part
[normal usage]. If someone truly uses
BTCitcoin as a currency, then such problems wouldn't exist in the first place.
And one more thing if a person is a trying to accumulate more and more bitcoin then indirectly it will be centralised and we will just hope that they don’t sell and just ask your self do you want to depend on other people for your destiny.
It will never come close to being centralized
[even indirectly]; Regardless of the amount someone has accumulated, take some
[not even all] of the parts that help the network to function properly out of the equation and all of those accumulated
BTCitcoins becomes pretty much worthless
[that wouldn't be the case if it wasn't decentralized].
It depends on us what we want to shape crypto in a long term as an asset or as a currency, but we can’t have it both.
As much as I would love to see everyone using it as a currency, most aren't
[especially most of the newcomers] while as for the rest, some of them use it for both and a small percentage
[based on what I've seen] use it as a currency only
[like me].
- It's a dynamic world, so both of those coexists.