Bitcoin Forum
September 24, 2018, 02:56:04 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: Bitcoin's dependancy on physical currency  (Read 1847 times)
Hero Member
Offline Offline

Activity: 772
Merit: 500

View Profile
July 14, 2011, 01:53:11 PM

I'm not sure what exactly you want to know. If you're asking why the number of merchants and suppliers that accept bitcoin would increase, it would be because there is profit in it. It adds another source of revenues for the company, and setting it up is very easy.

As the number of things one can buy with them increases, the percentage of bitcoin profits that merchants will cash-out immediately will decrease, as they will become more useful for commerce.

The ideal state is to have a closed economy using bitcoin, which allows people to avoid the inefficiencies of physical currencies.
Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!