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by mrb
4614 days ago
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"You simply can't grow an economy like it's the 20th century with gold, or BitCoin" Well, the past 4 years have proven you wrong. Explain how the Bitcoin economy has been able to grow so much since 2009? Why is it that 10,000+ merchants decided to use Bitcoin through Bitpay alone? Why is it that Bitcoin gains more and more users every day? The answer is that, even if deflation was a problem, which is itself debated [1], Bitcoin's advantages such as being censorship-resistant are unparalleled by any other currency, and that alone gives Bitcoin the ability to succeed where no other currency could. [1] http://www.forbes.com/sites/jonmatonis/2012/12/23/fear-not-d... |
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He was talking about whether Bitcoin will ever become a currency not backed by USD (or whatever) and postulating why that will never be the case.
Bitcoin is currently surviving off its liquidity, not its value as a currency.