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by 189723234
3123 days ago
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>I can't really think of many reasons why you would use crypto to pay for a coffee or a sandwich if you live in the West (or frankly, even most developing nations). If you had the choice between a form of currency not controlled by a bunch of extremely corrupt entities that is much more convenient and cheaper in terms of storage and transactions, why would you use traditional money? I can't even transfer money to my friend overseas, it is too difficult. |
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I realise that I haven't been clear.
The point I was trying to make is only that you don't need for Bitcoin to be a replacement to visa in order to justify current skyrocketing valuation.
I would venture that Bitcoin's censorship-resistant store of value use case is enough to justify current valuation.