| "Citation needed" I literally just explained it to you. The price of BTC has always been highly unstable. There is absolutely no evidence it will ever be stable, to the contrary in fact, all evidence points to the fact that it will remain unstable. Every single commodity or currency extant to an economy is unstable relative to the currency of that economy. The only thing 'stable' in terms of USD are things closely tied to the managed USD. Just the mere fact that it's highly unstable - all other things notwithstanding - make it impossible to be a currency. "For what it's worth, bitcoin aims to deprecate every single brick-and-morter bank as well as all the armored trucks driving paper currency to and from them." It's really bizarre that anyone would believe this. Starting with the fact that 'digitization of currency' is already well under way and so there are no 'truck rolls' in the future. But of course, the implication that banks only provide a 'place to store' money is completely false. Financial Services are an entire industry. Lending, transactions, authorizations, contracts, accounting, risk management, asset allocation, it's a gigantic industry. But it's moot, BTC will be the same in 20 years that it is one, something to talk about. |
Right, this is all on ethereum