|
|
|
|
|
|
by analog31
1901 days ago
|
|
|
Ah, but until demonstrated otherwise, the legacy financial system also supports Bitcoin. It's what makes it possible to create the goods and services that people want to buy with Bitcoins, and the electricity to do the computations. We don't even know what society would look like without our present-day economic infrastructure. For now, the cost of Bitcoin is on top of the cost of the existing system, not instead of it. |
|
|
You can have a closed loop of exchanging Bitcoin for goods and services without any legacy financial system involved. Just because you prefer to exchange your Bitcoins for your local currency does not imply that the cost of maintaining your local currency should be added on top of Bitcoins own.