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May 05, 2015, 03:44:04 AM |
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As long as we all keep on HODLing our coins for the profit we get in fiat, there is a need of safe storing. Bitcoin at itself does not need to be hold very long, unless you are saving up for buying a house or something expensive. A simple safe deposit for your cold wallet should do. There is a place to be filled there, banks could step in and provide. But a non central and governed entity would be best, but those are hard to trust at the moment, but look where the trust in banks and governments has gotten us.
But how do you spend those IOU's? Should we create a fake coin that has no value or backup? Should we go back to centralising this fake coin to facilitate our spending needs of our decentralised bitcoin? Should we even use bitcoin and invest in it? I think this idea is one we should all stay away from. Not good for the economy, not good for the bitcoin, not good at all.
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